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2219 Harrison Rd SE
Thomson, GA 30824
The Shoppes at Thomson · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Walmart Shadow Center – Only Walmart-Adjacent Retail Serving Thomson and McDuffie County
- Prominent Pylon Signage – Features Large Monument Sign on MLK St. Entrance
- Modern Storefronts – Attractive and Modern Storefronts with a Range of Space Sizes
- Ideal Tenant Mix – Features Apparel, Health & Beauty, Physical Therapy, and Sporting Goods
- Dynamic Trade Area – Walking Distance to Other National Retailers and Restaurants
- Regional Location – US Highway 78 and Harrisson Road Location Central to the Area’s Retail
EXECUTIVE SUMMARY
For sale to qualified investors is the 100% fee simple interest in The Shoppes at Thomson, the only Walmart Shadow Center located in Thomson, Georgia. Featuring an ideal mix of tenants including national retailers Hibbett Sports, Shoe Show, CATO, and Salvation Army, the property is the only Walmart shadow center in McDuffie County making the property a focal point for retail in a wide radius. The property is currently 93.6% occupied and provides the investor with immediate upside through leasing the only vacancy at 2,040 square feet. The asset is being offered at an attractive 8% going in cap rate and pricing of only $114 per square foot, which is below current replacement cost and less than most other Walmart shadow anchored retail throughout the United States. With average in-place rental rates of $11.24 psf, this investment also features room to grow NOI in the future. The property is located in the center of both the city and county’s business hub at the intersection of US Highways 78 and Harrisson Road, and also comes with prominent pylon signage for each tenant at the Martin Luther King, Jr. Street entrance to the shopping center.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
32,120 SF
Year Built
1980
Price
$5,176,503 CAD
Price Per SF
$161.16 CAD
Cap Rate
8%
NOI
$414,114 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.17
Lot Size
4.28 AC
Opportunity Zone
Yes
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