Houston County Galleria

Houston County Galleria

2922 Watson Blvd.
Centerville, GA

Price: $26,000,000
Cap: 11.70%
NOI: $3,050,869
Building Size: 480,808 SF
Lot Size: 50.82 AC

Investment Highlights

FULL OWNERSHIP STRUCTURE
• 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 buyer for repositioning/ redevelopment
 
HISTORY OF SUCCESSFUL ANCHOR REPOSITIONING
• The properties’ desirable location is highlighted by the recent successful repositioning of one of its major anchors
• The former Sears box was re-tenanted by Conn’s Home Plus and Crunch Fitness, two highly desirable uses
• The backfill of this space diversifies the tenant mix & drives additional foot traffic to the center
• This leasing momentum presents upside to an investor and opens opportunity 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
• 156 units are finalizing construction 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
Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

Email not recognized.
In lieu of a confidentiality agreement, we request that you complete the following form in order to download an Offering Memorandum or try again.







Principal or Broker?