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Blue Ridge Plaza 3 Retail Properties Offered at $5,177,504 CAD in Blue Ridge, GA
Investment Highlights
- Fully leased, multi-tenant retail center with 100% occupancy and strong tenant mix.
- Located along Blue Ridge’s main retail corridor with direct frontage on E 1st Street and visibility to Hwy 76.
- Weighted average in-place rent 16% below market benchmarks, creating a future upside opportunity.
- Anchored by BodyPlex Fitness (22,334 SF) and Dollar General (12,120 SF), providing steady foot traffic.
- Recent leasing momentum with five new leases signed within the past year, showcasing robust local demand.
Executive Summary
Blue Ridge Plaza offers investors a fully stabilized, 100% leased retail asset in the heart of Blue Ridge, Georgia—a high-growth, tourism-focused market drawing over 1.2 million annual visitors. This 53,453-square-foot center includes a strong mix of daily-needs retail, fitness, and service-oriented tenants anchored by BodyPlex Fitness and Dollar General. Tenancy diversity is complemented by recent leasing momentum, with five new deals executed in the past year, reflecting strong demand in a supply constrained market.
Strategically located along E 1st Street (Hwy 76), the property benefits from outstanding visibility and access to high traffic counts that feed Blue Ridge’s primary commercial corridor. In-place rents average $9.79 per square foot NNN, which is approximately 16% below the Costar 1-mile average, presenting a clear mark-to-market opportunity. With 23% credit tenancy, an average tenant tenure of 6.2 years, and several leases rolling within the next five years, this asset offers secure Day 1 income coupled with a compelling value-add upside through renewal spreads and re-tenanting at higher market rates. Tourism and limited regional competition create a resilient revenue environment with long-term growth potential.
Strategically located along E 1st Street (Hwy 76), the property benefits from outstanding visibility and access to high traffic counts that feed Blue Ridge’s primary commercial corridor. In-place rents average $9.79 per square foot NNN, which is approximately 16% below the Costar 1-mile average, presenting a clear mark-to-market opportunity. With 23% credit tenancy, an average tenant tenure of 6.2 years, and several leases rolling within the next five years, this asset offers secure Day 1 income coupled with a compelling value-add upside through renewal spreads and re-tenanting at higher market rates. Tourism and limited regional competition create a resilient revenue environment with long-term growth potential.
Property Facts
| Price | $5,177,504 CAD | Number of Properties | 3 |
| Price / SF | $96.86 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 53,453 SF |
| Sale Type | Investment NNN | Total Land Area | 4.96 AC |
| Status | Active |
| Price | $5,177,504 CAD |
| Price / SF | $96.86 CAD / SF |
| Cap Rate | 8% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 53,453 SF |
| Total Land Area | 4.96 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Blue Ridge Plaza
2672 E First St, Blue Ridge, GA 30513 |
Retail | 45,409 SF | 1977 | - |
| 2710 E First St, Blue Ridge, GA 30513 | Retail | 5,836 SF | 1977 | - |
| 2636 E First St, Blue Ridge, GA 30513 | Retail | 2,208 SF | 1971 | - |
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