PUBLIX SHADOW CENTER • The subject property is a brand new Class-A 13,076 SF Publix shadow center in Warner Robins, GA. • The center is shadow anchored by a brand new Publix (new 20- year lease), the largest employee-owned grocery chain in the United States with 1,244 locations across 7 states. • The center is 100% occupied with a synergistic mix of national and local tenants which include service, medical, & essential businesses. • Class-A new 2020 construction.
FUNDAMENTAL REAL ESTATE • The subject is strategically located at the intersection of Georgia SR 96 & Georgia ST 247 (Combined 36,900 VPD). • Sits at hard corner with 5 points of Ingress/Egress into the center. • Publix has no direct grocery competition within a 4-Mile Radius. • Replaceable Rents | Average Rent in Center is $21.79/SF. • The NOI has annual growth built in due to the annual rent increases of each tenant.
AFFLUENT & RAPIDLY GROWING DEMOS • The center is nestled in an affluent suburban pocket of Warner Robbins that continues to see explosive growth in the immediate area • The 3 Mile Average Household income is $108+K and is growing at a rate of 11%.
WARNER ROBINS, GA • Warner Robins, Georgia’s International City, is best known as the home of Robins Air Force Base, the Museum of Aviation (second largest in the country), and the Southeast Regional Little League Headquarters and field. • Robins Air Force Base, a major U.S. Air Force maintenance and logistics complex, is located just east of the city limits. The base’s expansion and the suburbanization of nearby Macon have led to the city’s rapid growth. • The base is one of the largest employers in the state of Georgia and directly contributes over 25,000 military, civil service, and contractor jobs to the local economy. It has provided an economic stability not only for Warner Robins but the entire Middle Georgia Community • The Museum of Aviation is located just next to the Airforce base and is Georgia’s largest tourist attraction outside of Atlanta. It is the second largest museum sponsored by the United States Air Force and the fourth-most visited museum in the Department of Defense • Warner Robins is widely known for its quality of life for families. For consecutive years in 2009 & 2010, Business Week magazine named Warner Robbins the best place in Georgia to raise a family. In 2012, CNN Money named Warner Robins #7 on its Best Places To Lice list for America’s best small cities.