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Commerce Crossing Strip Center - Commerce, GA 185-271 S Elm St

63,911 SF 40% Leased Retail Building Commerce, GA 30529 $5,500,000 ($86/SF) 7.04% Cap Rate

Investment Highlights

  • Prime Location Near Major Intersection With Excellent Visibility, Ensuring Businesses Stands Out in a Bustling Area
  • This Space Was Formerly Leased By Retail Giants Like Walmart and Ingles, Showcasing Its Potential to Attract High Foot Traffic
  • Located Just a Couple of Miles From the SK Battery Plant and Southeast Toyota Distributors
  • Brand-New Roof and HVAC System Recently Installed on Building 1
  • Ample Parking is Available For Both Shoppers and Employees, Making Convenience a Priority For Customers
  • The Center is Anchored By a Fred's; Additional Retailers at the Site Include Subway, Dominos Pizza and Peking Palace

Executive Summary

Sands Investment Group is Pleased to Present For Sale the Commerce Crossing Strip Center, a 106,910 SF Shopping Center Located Off of US-441 in Commerce, Georgia. The Center is Anchored By a Fred's With a 31,312 SF Vacant Big-Box at the Center, Presenting an Excellent Opportunity For a National Retailer to Take Advantage of This Neighborhood Shopping Center, Providing For a Secure Investment.

In Cooperation With Sands Investment Group Atlanta, LLC Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Supermarket
Building Size
63,911 SF
Building Class
C
Year Built
1988
Price
$5,500,000
Price Per SF
$86
Cap Rate
7.04%
NOI
$387,200
Percent Leased
40%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.11
Lot Size
13.36 AC
Zoning
C2 - Commercial Service District
Parking
626 Spaces (9.79 Spaces per 1,000 SF Leased)
Frontage
472 FT on Elm St

Amenities

  • Dedicated Turn Lane
  • Pylon Sign

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Fine Fabrics
  • Retailer
  • 33,232 SF
  • -
  • Mar 2027
  • JD's Tobacco Out
  • Retailer
  • 3,000 SF
  • -
  • Jun 2033
  • Peking Place
  • Retailer
  • 1,500 SF
  • -
  • -
  • VAP HUT
  • Retailer
  • 1,500 SF
  • -
  • Jun 2033
Tenant Industry SF OCCUPIED RENT/SF Lease End
Fine Fabrics Retailer 33,232 SF - Mar 2027
JD's Tobacco Out Retailer 3,000 SF - Jun 2033
Peking Place Retailer 1,500 SF - -
VAP HUT Retailer 1,500 SF - Jun 2033

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 185
  • 36,978 SF
  • Retail
  • End Cap
  • Now
  • 200
  • 19,000 SF
  • Retail
  • In-Line
  • Now
  • 265
  • 3,200 SF
  • Retail
  • In-Line
  • Now
Space Size Space Use Position Available
185 36,978 SF Retail End Cap Now
200 19,000 SF Retail In-Line Now
265 3,200 SF Retail In-Line Now

185

Size
36,978 SF
Space Use
Retail
Position
End Cap
Available
Now

200

Size
19,000 SF
Space Use
Retail
Position
In-Line
Available
Now

265

Size
3,200 SF
Space Use
Retail
Position
In-Line
Available
Now

Nearby Major Retailers

Ingles
Southstate Bank
Curves

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
022-031B
Land Assessment
$207,240
Improvements Assessment
$313,640
Total Assessment
$520,880
  • Listing ID: 33456617

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: 185-271 S Elm St, Commerce, GA 30529

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