Retail Space
140 W Dykes St Cochran, GA 31014
Details & Description
Price: $2,150,000
    Middle Georgia Plaza is a Food Depot-anchored, 40,880 SF neighborhood shopping center that is situated on an 11.26-acre site. The site is ideally positioned along Cochran's main retail corridor, Dykes Street. The shopping center features highly-visible pylon signage, ±492' of frontage on Dykes St, and abundant surface parking with ±174 spaces (±4.26/1,000 SF ratio). The shopping center is stabilized and currently 100% occupied. The Food Depot grocery store occupies around 71% of the shopping center, while the average weighted lease term is around 9.5 years including the inline retail space. Food Depot operates 36 stores throughout Georgia. They recently executed a ten-year lease, with renewals on five and ten-year terms, providing long-term stability. Food Depot invested close to $600,000 in tenant improvements before opening the store in March 2020. In addition, the grocery store operator also agreed to give the landlord ownership of a large portion of the grocery equipment and fixtures including shelving, coolers, freezers, carts, checkout areas, etc to show their commitment. Pizza Hut is an inline tenant in the shopping center and has operated at the property for 25 plus years. Pizza Hut also recently renovated their space in 2017. The remainder of the inline retail space includes a gym, gaming and convenience store, and a music store. A brand new roof was installed in 2015, and comes with a 20-year transferable warranty.
    Property Highlights
    Additional Photos
    Listing Agents
    Leland Whitfield

    O: 404-309-4568
    lelandw4@kw.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    140 W Dykes St

    Cochran, GA 31014

    Listing ID: 273335
    • 140 W Dykes St Cochran, GA 31014 | for Sale | Photo 1
    • 140 W Dykes St Cochran, GA 31014 | for Sale | Photo 2
    • 140 W Dykes St Cochran, GA 31014 | for Sale | Photo 3
    • 140 W Dykes St Cochran, GA 31014 | for Sale | Photo 4
    • 140 W Dykes St Cochran, GA 31014 | for Sale | Photo 5
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    Building Size: 40,880 SF
    Lot Size: 11.260 AC
    Land Size: 490,485 SF
    Building $/SF: $52.59
    Land $/SF: $4.38
    Price
    $2,150,000
    Property Highlights
    Anchored by Food Depot with Guaranteed Income
    9.5 Average Weighted Lease Term
    Middle Georgia State University-Cochran Campus within One Mile
    Large Pylon Signage
    NNN Leases
    New 20-Year Roof in 2015
    Stabilized Asset with 100 occupancy
    Description

    Middle Georgia Plaza is a Food Depot-anchored, 40,880 SF neighborhood shopping center that is situated on an 11.26-acre site. The site is ideally positioned along Cochran's main retail corridor, Dykes Street. The shopping center features highly-visible pylon signage, ±492' of frontage on Dykes St, and abundant surface parking with ±174 spaces (±4.26/1,000 SF ratio). The shopping center is stabilized and currently 100% occupied. The Food Depot grocery store occupies around 71% of the shopping center, while the average weighted lease term is around 9.5 years including the inline retail space. Food Depot operates 36 stores throughout Georgia. They recently executed a ten-year lease, with renewals on five and ten-year terms, providing long-term stability. Food Depot invested close to $600,000 in tenant improvements before opening the store in March 2020. In addition, the grocery store operator also agreed to give the landlord ownership of a large portion of the grocery equipment and fixtures including shelving, coolers, freezers, carts, checkout areas, etc to show their commitment. Pizza Hut is an inline tenant in the shopping center and has operated at the property for 25 plus years. Pizza Hut also recently renovated their space in 2017. The remainder of the inline retail space includes a gym, gaming and convenience store, and a music store. A brand new roof was installed in 2015, and comes with a 20-year transferable warranty.

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    Cochran Area Market Trends

    Listing Demographics for 140 W Dykes St Cochran, GA 31014

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population1,6464,6257,063
    Population Median Age323436
    Population by Age0-9 Yrs84 (5%)454 (9%)784 (11%)
    10-19 Yrs603 (36%)1183 (25%)1516 (21%)
    20-29 Yrs360 (21%)883 (19%)1136 (16%)
    30-39 Yrs67 (4%)394 (8%)719 (10%)
    40-49 Yrs135 (8%)370 (8%)605 (8%)
    50-59 Yrs141 (8%)487 (10%)825 (11%)
    60-69 Yrs118 (7%)399 (8%)670 (9%)
    70+ Yrs139 (8%)455 (9%)808 (11%)
    Median HH Income$28,659$44,565$45,671
    Total Household Income< 24K166 (41%)436 (33%)727 (33%)
    25-49K87 (21%)275 (20%)451 (20%)
    50-74K55 (13%)251 (19%)426 (19%)
    75-99K66 (16%)165 (12%)262 (11%)
    100-199K18 (4%)169 (12%)300 (13%)
    200K+12 (2%)15 (1%)24 (1%)
    Highest Education LevelNo Diploma133267456
    Diploma or GED2618811566
    Some College106424737
    Assoc. Degree68281416
    Bachelors Degree30240400
    Higher Degree78240389
    Total Housing Units5561,6512,789
    --Owner-Occupied1928491,509
    --Renter-Occupied211462680
    Owner-Occupied Values< 100K67376693
    100-199K107360585
    200-299K1692185
    300-399K21840
    400-499K000
    500K+027
    Total Working Age Population1,4583,8975,811
    In Work Force3681,4422,409
    Not In Work Force1,0902,4543,401
    Workforce Employed3501,3412,258
    Workforce Unemployed18101151
    Civlian Workforce3681,4422,409
    Military Workforce000
    Total Households4031,3112,189
    Family Households1637611,366
    Non-Family Households240550823
    Married Couple112549952
    Other Family51212414
    Married w/Child56244399
    Single Male w/Child0724
    Single Female w/Child874161

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Georgia8,186,453+189,687,653+1210,833,472+1312,292,423
    Bleckley County11,666+1213,063-212,838+313,243
    Dodge County19,171+1421,796-620,385-419,500
    Pulaski County9,588+2512,010-910,893-710,121
    Twiggs County10,590-159,023-108,086-67,604

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 140 W Dykes St in Cochran?
    The asking price for 140 W Dykes St is $2,150,000
    What is the building size of this Retail property in Cochran, GA?
    The size of the building/unit at 140 W Dykes St in Cochran is 40,880 square feet
    How much land does the Cochran, GA property at 140 W Dykes St include?
    140 W Dykes St in Cochran includes 11.260 acres of land
    What kind of Retail is the propery at 140 W Dykes St?
    The property at 140 W Dykes St Cochran, GA 31014 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 140 W Dykes St in Cochran?
    The population within 1 mile of 140 W Dykes St Cochran, GA 31014 is 1,646 people.
    Who do I contact for questions about 140 W Dykes St?
    You should contact the listing agent, Leland Whitfield, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Augusta Regional At Bush Field (AGS) 106
    Hartsfield Jackson Atlanta International Airport (ATL) 106
    Savannah Hilton Head International Airport (SAV) 127
    Price
    $2,150,000
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