Seamless Accessibility | Prominent Retail Hub | 928 Wright Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Seamless Accessibility | Prominent Retail Hub 928 Wright Dr
48,115 SF Retail Building Online Auction Sale Columbus, GA 31907
{{Auction.Status}}
You have won the auction!
Please check your email for next steps from the Contracts & Closing Team.
The sale of this asset is subject to seller approval. Please check your email for next steps from the Contracts & Closing Team.
{{Auction.FormattedText.CurrentHighestBidderText}}
The bid amount you entered is less than the next minimum bid amount, please try again
Confirm your bid amount of
{{Auction.BidAmount}}
INVESTMENT HIGHLIGHTS
- Prominent 48,115-SF big-box retail building on a 4.32-acre lot with ample parking next to the Vista Square Shopping Center in Columbus, Georgia.
- Flexible owner/user or value-add investment opportunity to acquire a vacant asset in the thriving Greater Columbus submarket seeing increasing rents.
- Desirably situated within a 2-mile radius of popular retailers Walmart, Publix, Dollar General, Dollar Tree, Walgreens, CVS, Family Dollar, and more.
- Sought-after positioning with visibility in front of more than 29,000 VPD in one of Columbus’s key retail corridors.
- Primely surrounded by a dense community of more than 137,600 residents living within a 5-mile radius and a daytime employment of 69,457 employees.
EXECUTIVE SUMMARY
Conveniently located 48,115-square-foot big-box retail building directly adjacent to Vista Square Shopping Center in Columbus, Georgia. 928 Wright Drive presents a single-story storefront retail property positioned over a spacious General Commercial (GC) zoned 4.32-acre lot with ample surface parking and easy accessibility via multiple ingress and egress points. This former USPS mail sorting facility benefits from its visibility from major thoroughfare Buena Vista Road, seeing over 29,000 vehicles daily. The asset previously had electrical hookups, as shown in some photos, but there is no electricity service at this time. The property is preferably situated behind demand drivers AutoZone and O’Reilly Auto Parts, with access from two signalized intersections and public transportation bus routes.
There is potential for an outparcel to be carved out of the parking lot area along Wright Drive that could appeal to national retailers and restaurants or could be a separate small retail center.
Some potential uses for the 48K square foot building include a church, entertainment venue, recreation facility, retail space, storage, healthcare clinic, technical training center, indoor firing range, or a pick-and-pack fulfillment center. This versatile opportunity allows for development that meets the needs of the surrounding community.
928 Wright Drive is favorably established 1 mile from Interstate 185 and 5 miles from Downtown Columbus. Optimally situated within one of Columbus’s retail corridors, the property is surrounded by reputable demand drivers within a brief 2-mile radius. Internationally and nationally renowned demand drivers within this hub include Walmart Supercenter, Publix, Walgreens, McDonald’s, Family Dollar, Piggly Wiggly, Subway, Dunkin’, Dollar Tree, CVS, Dollar General, Winn-Dixie, and many more.
928 Wright Drive is ideally encompassed by a robust community of about 138,000 residents living within a 5-mile radius who are joined by a daytime employment of 69,457 employees. This dense population has a median age of 36 to 37 years old and has a spending power of well over 1.2 billion annually.
The Greater Columbus retail submarket has seen impressive rental growth as market rents have increased by 3.8% year-over-year, compared to a 3.6% change in Columbus as a whole. 928 Wright Drive serves as an excellent owner/user or value-add investment opportunity for a new owner seeking to bring a well-established property to its greatest potential. The sought-after open-floor plan is primed to support numerous business opportunities, offering a blank slate for a fresh start.
Property tours are available by appointment only. Please contact Doug Jefcoat at (706) 888-1614 to schedule.
There is potential for an outparcel to be carved out of the parking lot area along Wright Drive that could appeal to national retailers and restaurants or could be a separate small retail center.
Some potential uses for the 48K square foot building include a church, entertainment venue, recreation facility, retail space, storage, healthcare clinic, technical training center, indoor firing range, or a pick-and-pack fulfillment center. This versatile opportunity allows for development that meets the needs of the surrounding community.
928 Wright Drive is favorably established 1 mile from Interstate 185 and 5 miles from Downtown Columbus. Optimally situated within one of Columbus’s retail corridors, the property is surrounded by reputable demand drivers within a brief 2-mile radius. Internationally and nationally renowned demand drivers within this hub include Walmart Supercenter, Publix, Walgreens, McDonald’s, Family Dollar, Piggly Wiggly, Subway, Dunkin’, Dollar Tree, CVS, Dollar General, Winn-Dixie, and many more.
928 Wright Drive is ideally encompassed by a robust community of about 138,000 residents living within a 5-mile radius who are joined by a daytime employment of 69,457 employees. This dense population has a median age of 36 to 37 years old and has a spending power of well over 1.2 billion annually.
The Greater Columbus retail submarket has seen impressive rental growth as market rents have increased by 3.8% year-over-year, compared to a 3.6% change in Columbus as a whole. 928 Wright Drive serves as an excellent owner/user or value-add investment opportunity for a new owner seeking to bring a well-established property to its greatest potential. The sought-after open-floor plan is primed to support numerous business opportunities, offering a blank slate for a fresh start.
Property tours are available by appointment only. Please contact Doug Jefcoat at (706) 888-1614 to schedule.
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
MARKET ANALYTICS Click Here to Access
{{summary.v}}
{{summary.t}}
{{headerValue}}
{{rowValue.t}}
{{rowValue.to}}
{{rowValue.l}}
{{rowValue.h}}
{{summary.v}}
{{summary.t}}
{{headerValue}}
{{rowValue.t}}
{{rowValue.a}}
{{rowValue.l}}
{{rowValue.h}}
{{rowValue.m}}
Market Sale Price per SF
Columbus - GA USA
Market Cap Rate
Columbus - GA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront
Building Size
48,115 SF
Building Class
C
Year Built
1979
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.26
Lot Size
4.32 AC
Zoning
GC - General Commercial
Parking
252 Spaces (5.24 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
- Storage Space
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
8,615
72,393
137,666
2020 Population
9,904
75,616
140,864
2029 Population
8,254
70,840
135,288
2024-2029 Projected Population Growth
-4.2%
-2.2%
-1.7%
Daytime Employees
1,560
19,386
69,457
Total Businesses
200
1,617
7,000
Average Household Income
$55,367
$61,416
$57,771
Median Household Income
$47,212
$43,829
$41,879
Total Consumer Spending
$77M
$676M
$1.2B
Median Age
37.6
36.7
35.4
2024 Households
3,279
28,624
55,428
Percent College Degree or Above
7%
11%
12%
Average Home Value
$135,846
$175,029
$172,865
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $442,347 | |
| Land Assessment | $355,660 | Total Assessment | $798,007 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$355,660
Improvements Assessment
$442,347
Total Assessment
$798,007
SALE ADVISORS
SALE ADVISORS
Steven Bush
(404) 276-7441
Contact
Steven's goal as a real estate agent is to provide all of his clients with the best service possible. As a licensed Real Estate Agent with Virtual Properties Realty Steven has many company resources and tools that help him to fully service all of his client’s needs in the utmost professional way. VPR is a high tech, state-of-the-art firm. They pride themselves in offering the best and most advanced technology. In 2019 VPR celebrated its 20th year as a real estate brokerage with over 3,200 agents and 17 office locations. Over the past 20 years, VPR has earned many awards which include the coveted AJC “Best Place to Work” (three years in a row). VPR and Steven are successful because they work hard to earn their client’s business and trust.
Doug Jefcoat,
CCIM
(706) 888-1614
Contact
Doug is licensed in Ga and Ala.
Doug Jefcoat Graduated with an Electrical Engineering degree from the University of South Carolina. After graduating, he worked for Georgia Power for several years in a nuclear power plant, before transferring to their marketing area in Atlanta, Ga where his job was to bring industry into the state of Georgia.
Ga Power moved him to Columbus for two years In the 80s. After serving as President of the Columbus JCs he then returned back to Atlanta. A year later , he decided to make the move into full time RealEstate.
Doug worked with WCBradley for 23 years serving in many positions before opening his own Real Estate company.in 2019 Jefcoat RealEstate Services LLC
While at WC Bradley, he lead the team as Residential developer of Maple Ridge Subdivision. He was also very
involved in many other city development projects. In Harris County Doug served on numerous boards, committees. and did
the rezoning that now allows for smaller subdivisions.
Doug brought over 20 businesses into Downtown Columbus while holding numerous project management positions he was very involved in the Eagle and Phenix Mills and River front development.
Doug currently holds the prestigious title of CCIN, very few Brokers, realtors attain this certification.
He is the current Immediate President of the Columbus Board of Realtors and also sits on other Columbus , State Committees. Dougs experience in property sales, land development, rezoning, property management, and bringing industry into Georgia make him stand out in Real
Estate. He is also a great motivational speaker.
Doug is married to Jeanne Kilgore Jefcoat and they have 5 grown children and 13 Grandchildren. He is an involved in a local band,” The Retro Phonics”, where he plays drums.
He is also Christian.
Doug Jefcoat Graduated with an Electrical Engineering degree from the University of South Carolina. After graduating, he worked for Georgia Power for several years in a nuclear power plant, before transferring to their marketing area in Atlanta, Ga where his job was to bring industry into the state of Georgia.
Ga Power moved him to Columbus for two years In the 80s. After serving as President of the Columbus JCs he then returned back to Atlanta. A year later , he decided to make the move into full time RealEstate.
Doug worked with WCBradley for 23 years serving in many positions before opening his own Real Estate company.in 2019 Jefcoat RealEstate Services LLC
While at WC Bradley, he lead the team as Residential developer of Maple Ridge Subdivision. He was also very
involved in many other city development projects. In Harris County Doug served on numerous boards, committees. and did
the rezoning that now allows for smaller subdivisions.
Doug brought over 20 businesses into Downtown Columbus while holding numerous project management positions he was very involved in the Eagle and Phenix Mills and River front development.
Doug currently holds the prestigious title of CCIN, very few Brokers, realtors attain this certification.
He is the current Immediate President of the Columbus Board of Realtors and also sits on other Columbus , State Committees. Dougs experience in property sales, land development, rezoning, property management, and bringing industry into Georgia make him stand out in Real
Estate. He is also a great motivational speaker.
Doug is married to Jeanne Kilgore Jefcoat and they have 5 grown children and 13 Grandchildren. He is an involved in a local band,” The Retro Phonics”, where he plays drums.
He is also Christian.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
AUCTION CONTACT
Mary Humphreys
Contact
Auctioneer License:
Ten-X Commercial, LLC Jessica Anne Figueroa RE Brkr 75044. Ten-X Commercial, LLC Arlene Richardson Auction Firm AU003185
1 of 25
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
Presented by
Company Not Provided
Seamless Accessibility | Prominent Retail Hub | 928 Wright Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
Seamless Accessibility | Prominent Retail Hub | 928 Wright Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.