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Highly Occupied with Diverse National Tenants 832-856 College St 60,863 SF 93% Leased Retail Building Online Auction Sale Eastman, GA 31023
Investment Highlights
- Dodge Plaza is a multi-tenant shopping center near full occupancy, anchored by Hibbett Sports, Family Dollar, Destiny Fitness, and Southside Market.
- Desirable mix of synergistic tenants with below-market rents positioning the asset for continued upside through lease-up and rent escalations.
- New roof (April 2020) with 20-year warranty and Carlisle Golden Seal System covering through April 2040, reducing long-term maintenance risk.
- Prime location along Highway 23 (College Street), a major commercial corridor in Eastman, with high exposure to nearly 10,000 vehicles per day.
- Strong co-traffic and visibility due to proximity to the regional hospital, medical offices, residential neighborhoods, schools, and the city center.
- Expanding population and growing incomes ideal for retail – over 10,500 residents within 5 miles, with incomes projected to reach $86,000 by 2029.
Executive Summary
Dodge Plaza Shopping Center, located at 832-856 College Street in Eastman, Georgia, is a well-positioned neighborhood retail center along the city’s main commercial corridor, Highway 23. Encompassing 60,863 square feet atop 4.91 acres, this shopping center caters to the daily needs of the local and regional community, featuring a diverse mix of tenants. This center offers multiple retail storefronts in a single-story layout, well-suited for both national and local tenants.
Gaining exposure to approximately 10,000 vehicles per day and positioned near top-rated schools, hospitals, medical offices, and national retailers, Dodge Plaza enjoys excellent visibility and consistent customer flow. This consistent local exposure is further supported by the center’s position along a highly traveled corridor in Eastman. Eastman is located on the Golden Isle Parkway, two hours south of Atlanta, a busy corridor from the north to the Georgia and Florida coasts on the Atlantic Ocean.
Within a 5-mile radius, an ever-growing population with rising household incomes provides immense support for retailers, with a strong spending power of $95.9 million annually. Buyers will be attracted to the tenant mix within one of the area’s dominant shopping centers, with below-market rents positioning Dodge Plaza for continued leasing momentum.
With strong community anchors, ample parking, and convenient access, Dodge Plaza is a prime retail asset offering long-term value and growth potential in a stable, service-driven market.
Property tours are by appointment only. Please contact the listing broker to schedule.
Gaining exposure to approximately 10,000 vehicles per day and positioned near top-rated schools, hospitals, medical offices, and national retailers, Dodge Plaza enjoys excellent visibility and consistent customer flow. This consistent local exposure is further supported by the center’s position along a highly traveled corridor in Eastman. Eastman is located on the Golden Isle Parkway, two hours south of Atlanta, a busy corridor from the north to the Georgia and Florida coasts on the Atlantic Ocean.
Within a 5-mile radius, an ever-growing population with rising household incomes provides immense support for retailers, with a strong spending power of $95.9 million annually. Buyers will be attracted to the tenant mix within one of the area’s dominant shopping centers, with below-market rents positioning Dodge Plaza for continued leasing momentum.
With strong community anchors, ample parking, and convenient access, Dodge Plaza is a prime retail asset offering long-term value and growth potential in a stable, service-driven market.
Property tours are by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
60,863 SF
Building Class
C
Year Built
1975
Percent Leased
93%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
4.91 AC
Parcel Number
17
Zoning
C - Commercial
Frontage
562’ on College Street
Amenities
- Corner Lot
- Pylon Sign
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
About Statesboro
Statesboro, Georgia, is located on the Interstate 16 corridor just 45 minutes from Downtown Savannah and the Savannah Port, one of the nation’s busiest. The town of about 32,000 people is the county seat of Bulloch County. Bulloch and neighboring Bryan counties have seen some of the fastest population growth in Georgia over the past decade, adding more than 25,000 people between the 2010 and 2020 counts by the U.S. Census Bureau.
A thriving industrial sector supports retail spending in the area. Major employers such as Briggs and Stratton engine maker, Great Dane refrigerated trailer manufacturer, and Walmart’s massive 1 million-square-foot distribution center provide thousands of jobs for area workers. The education and health sectors are also vibrant here. Georgia Southern University offers more than 66 undergraduate degree programs to its 26,000 students on its Statesboro Campus, and East Georgia Regional Medical Center is a regional healthcare hub.
Downtown revitalization and visitor attraction are priorities for local leaders. Developers are working to transform 75 acres near Downtown Statesboro into the “Creek on the Blue Mile,” a revitalized flood plain project adding nature trails, pavilions, and fishing and kayaking opportunities.
Population growth in Statesboro has attracted new brands to the market. Florida-based grocer Publix has plans to open its first Statesboro location in 2022.
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
3,471
7,861
9,774
2020 Population
3,696
8,314
10,288
2030 Population
3,394
7,700
9,586
2025-2030 Projected Population Growth
-2.2%
-2.0%
-1.9%
Daytime Employees
3,621
5,307
5,605
Total Businesses
410
549
565
Average Household Income
$76,005
$67,969
$67,637
Median Household Income
$43,770
$45,332
$46,881
Total Consumer Spending
$32.5M
$75.4M
$95.9M
Median Age
39.7
40.5
40.9
2025 Households
1,374
3,095
3,828
Percent College Degree or Above
7%
10%
11%
Average Home Value
$200,439
$176,606
$178,463
$ values in USD
Sale Advisors
Sale Advisors
Elliott Kyle, Vice President | Partner
Elliott Kyle is responsible for Skyline Seven’s Investment Sales Division and is one of Atlanta’s top sale producers. Elliott offers a breadth of brokerage experience having represented private investors, institutions, and lenders/ special servicers. Over the last 15 years alone, Elliott closed real estate transactions in excess of $750,000,000. Previously, Elliott was Vice President for Shane Investment Property Group, an Atlanta-based investment sales brokerage firm. In his capacity at Shane, Elliott transacted various property types and was instrumental in the training of new agents. Elliott also held previous senior management positions with Rock-Tenn Company and Manhattan Associates, a multi-national firm. Elliott attended Tulane University and the University of Georgia, earning a degree in Economics. Following his undergraduate studies, Elliott attended Georgia State University, earning his MBA. Elliott lives in Druid Hills with his wife and son. Elliott is a native of Atlanta and enjoys a number of hobbies, one being an avid golfer and a member of Druid Hills Golf Club. In addition, Elliott has been involved in a number of not-for-profit organizations, such as Senior Warden of the Vestry at St. Luke’s Episcopal Church, President of the Board of Trustees at Canterbury Court (CCRC), Vice President with the Druid Hills Civic Association, Courtland Street Mission, and more.
Chase Murphy, Vice President | Partner
Chase represents buyers and sellers of commercial real estate at Skyline Seven. Chase has a vast knowledge of transactional real estate and applies his expertise to single tenant and multi-tenant retail and office properties. Representing real estate companies, private investors, high net worth families and lenders/special servicers, Chase is committed to profitable and seamless closings for his clients. Over the last 5 years alone, Chase has executed over $250,000,000 of real estate transactions.
Prior to joining Skyline Seven, Chase worked as a real estate asset manager for Altisource and managed a real estate portfolio in excess of $35,000,000 while removing over $70,000,000 of distressed real estate assets from his clients’ balance sheets. At Altisource, Chase specialized in building relationships with his clients while advising and executing loss-mitigation strategies for their real estate assets. Chase attended Valdosta State University, earning a degree in finance and is a long-time Atlanta resident and lives in Smyrna with his wife. Chase enjoys spending time with family and friends, playing golf, attending sporting events and entertaining his nephews and niece. In addition, Chase currently serves on the young professional board for Action Ministries which provides food to nearly 7,000 children across Georgia.
Prior to joining Skyline Seven, Chase worked as a real estate asset manager for Altisource and managed a real estate portfolio in excess of $35,000,000 while removing over $70,000,000 of distressed real estate assets from his clients’ balance sheets. At Altisource, Chase specialized in building relationships with his clients while advising and executing loss-mitigation strategies for their real estate assets. Chase attended Valdosta State University, earning a degree in finance and is a long-time Atlanta resident and lives in Smyrna with his wife. Chase enjoys spending time with family and friends, playing golf, attending sporting events and entertaining his nephews and niece. In addition, Chase currently serves on the young professional board for Action Ministries which provides food to nearly 7,000 children across Georgia.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Taylor Cunningham
Contact
Auctioneer License:
Ten-X Commercial, LLC Jessica Anne Figueroa RE Brkr 75044. Ten-X Commercial, LLC Arlene Richardson Auction Firm AU003185
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Highly Occupied with Diverse National Tenants | 832-856 College St
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