Houston County Galleria

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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

678-808-2780 | EMAIL >

Eric Abbott

678-808-2746 | EMAIL >

OFFERING MEMORANDUM

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