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Dodge Plaza Shopping Center 850 College St 60,863 SF 100% Leased Retail Building Eastman, GA 31023 $4,259,565 CAD ($69.99 CAD/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

  • New Roof with 20-Year Warranty – Installed April 2020, Carlisle Golden Seal System covers key components through April 2040.
  • Anchored by Hibbett Sports, Family Dollar, Destiny Fitness, and Southside Market, the center offers multiple retail storefronts in a single-story.
  • Growing population and growing incomes - over 10,500 residents within five miles, with incomes projected to reach $86,000 by 2029—an ideal location.
  • Prime location along U.S. Highway 23 (College Street), a major commercial corridor in Eastman, GA, with close proximity to the regional hospital.
  • Eastman is located on the Golden Isle Parkway, which is a busy travel corridor from the north to the Georgia and Florida coast on the Atlantic Ocean.
  • Besides the hospital and medical office tenants in the area, Eastman is also home to a campus for Middle Georgia State University.

EXECUTIVE SUMMARY

Dodge Plaza Shopping Center, located at 850 College Street in Eastman, GA, is a well-positioned neighborhood retail center along the city’s main commercial corridor. The property benefits from high-traffic generators such as the schools, hospital, medical offices and area retailers. The property enjoys excellent visibility and consistent customer flow. It features a mix of tenants, catering to the daily needs of the local and regional community. With strong community anchors, ample parking, and convenience, Dodge Plaza is a prime retail asset offering long-term value and growth potential in a stable, service-driven market. Buyers will be attracted to the mix of tenants in one of the more dominate shopping centers in the area, and that the base rents are all below $10/SF, thus the price for the property is below replacement cost.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
60,863 SF
Building Class
C
Year Built
1975
Price
$4,259,565 CAD
Price Per SF
$69.99 CAD
Cap Rate
8%
NOI
$340,772 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
4.91 AC
Zoning
C - Commercial
Frontage
562’ on College Street

AMENITIES

  • Corner Lot
  • Pylon Sign

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Chinese Chef Rest
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Jan 0000
  • Destiny Fitness
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Jan 0000
  • Retailer
  • 99,999 SF
  • $9.99
  • Jan 0000

Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.

  • Retailer
  • 99,999 SF
  • $9.99
  • Jan 0000

Hibbett, headquartered in Birmingham, Alabama, is a leading athletic-inspired fashion retailer with many Hibbett, City Gear and Sports Additions specialty stores located in states nationwide. Hibbett has a rich history of serving customers for years with convenient locations, superior personalized customer service and access to coveted footwear, apparel and accessories from top brands like Nike, Jordan, and adidas. Consumers can browse styles, find new releases, shop looks and make purchases through their best-in-class omni-channel platform.

  • R&J's Grill House
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Jan 0000
  • South side Antique Market
  • Services
  • 99,999 SF
  • $9.99
  • Jan 0000
  • Tobacco Palace
  • Services
  • 99,999 SF
  • $9.99
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Chinese Chef Rest Accommodation and Food Services 99,999 SF $9.99 Jan 0000
Destiny Fitness Health Care and Social Assistance 99,999 SF $9.99 Jan 0000
Retailer 99,999 SF $9.99 Jan 0000
Retailer 99,999 SF $9.99 Jan 0000
R&J's Grill House Accommodation and Food Services 99,999 SF $9.99 Jan 0000
South side Antique Market Services 99,999 SF $9.99 Jan 0000
Tobacco Palace Services 99,999 SF $9.99 Jan 0000
  • Listing ID: 37463377

  • Date on Market: 2025-08-28

  • Last Updated:

  • Address: 850 College St, Eastman, GA 31023

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