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Houston County Galleria 2922-2930 Watson Blvd 480,808 SF 94% Leased Retail Building Centerville, GA 31028 $368,416,252 CAD ($766.24 CAD/SF) 12.15% Cap Rate
EXECUTIVE SUMMARY
• Houston Galleria provides the opportunity for an investor to have 100% ownership for all pieces to the mall.
• 100% ownership structure will allow flexibility to the buyer for repositioning and redevelopment.
HISTORY OF SUCCESSFUL ANCHOR REPOSITIONING
• The property’s desirable location is highlighted by the recent successful repositioning of one of its major anchors.
• The former Sears box was re-tenanted by Big Air Trampoline Park and Crunch Fitness, two highly desirable uses.
• The backfill of this space diversifies the tenant mix and drives additional foot traffic to the center.
• This leasing momentum presents upside to an investor and opens opportunities for similar leasing transactions in the future.
MULTI-FAMILY DEVELOPMENT ADJACENT
• Directly adjacent to the mall will be the Abbington at Galleria multifamily.
• The site is a redevelopment of a portion of the former parking lot.
• The property was constructed in 2024, consists of 156 units, and will drive foot traffic to the center.
ROBUST RETAIL CORRIDOR
• Located at the heart of a major retail corridor with over 50,000 combined VPD.
• 2.5M SF of retail in a 1-mile radius.
• Surrounding tenants include Walmart, Target, Kroger, Publix, Home Depot, Lowe’s, Hobby Lobby, Best Buy, TJ Maxx, Ross, and more.
PROPERTY FACTS
AMENITIES
- Food Court
- Signalized Intersection
- Kiosk/Cart Space
- Enclosed Mall
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Exterior corner suite near Big Air Trampoline Park and Crunch Fitness
Exterior corner suite near Big Air Trampoline Park and Crunch Fitness
Interior suite near JCPenny
Interior suite near entrance to mall between JCPenny and Belk
Interior suite near entrance to Belk
Interior suite near entrance to Belk
Interior suite near entrance to Belk Men's
Food court restaurant space
| Space | Size | Space Use | Position | Available |
| 1st Floor | 12,000 SF | Retail | - | Now |
| 017 | 12,000 SF | Retail | - | Now |
| 340 | 905 SF | Retail | - | Now |
| 404 & 405 | 2,630 SF | Retail | - | Now |
| 510 | 1,780 SF | Retail | - | Now |
| 620 | 4,164 SF | Retail | - | Now |
| 645 | 622 SF | Retail | - | Now |
| 820 | 613 SF | Retail | - | Now |
1st Floor
| Size |
| 12,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
017
| Size |
| 12,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
340
| Size |
| 905 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
404 & 405
| Size |
| 2,630 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
510
| Size |
| 1,780 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
620
| Size |
| 4,164 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
645
| Size |
| 622 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
820
| Size |
| 613 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 12,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Exterior corner suite near Big Air Trampoline Park and Crunch Fitness
017
| Size | 12,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Exterior corner suite near Big Air Trampoline Park and Crunch Fitness
340
| Size | 905 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Interior suite near JCPenny
404 & 405
| Size | 2,630 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Interior suite near entrance to mall between JCPenny and Belk
510
| Size | 1,780 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Interior suite near entrance to Belk
620
| Size | 4,164 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Interior suite near entrance to Belk
645
| Size | 622 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Interior suite near entrance to Belk Men's
820
| Size | 613 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Food court restaurant space
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0C0200009000 | Improvements Assessment | $6,967,604 CAD |
| Land Assessment | $4,053,198 CAD | Total Assessment | $11,020,802 CAD |
PROPERTY TAXES
Presented by
Houston County Galleria | 2922-2930 Watson Blvd
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