For Auction

Receiver Sale: Walmart Shadow Center | 43% National Tenancy

970 Indian Lane,
Eastman, GA 31023

Asset Snapshot

Real Estate
Asset Type
Retail
Property Type
Unanchored Strip Center
Retail Subtype
2006
Year Built
1.40 Acres
Land Area
100%
Occupancy
Shadowed
Anchor
15,207 SF
Property Size
NNN
Lease Type
Multi-Tenant
Retail Tenancy

Investment Highlights

Shadow-Anchored by a Walmart Supercenter
Walmart owns its adjacent store, which draws 1.7 million annual visits to the shared retail node.
National Tenants Lease 43% of Total GLA
Cato, Little Caesars, and H&R Block occupy 6,567 SF alongside three local service and retail users.
Cato and H&R Block In Place 20+ Years
The two national tenants have each occupied the center for 21 years, totaling 5,367 SF of GLA.
National Retailers Cluster Around the Site
Tractor Supply, Dollar Tree, Murphy USA, Sonic, Taco Bell, and Burger King all operate nearby.
#1 Shopping Center Within a 30-Mile Radius
Shopping center records 2.3 million annual visits from a trade area extending more than 30 miles.
Pro Rata NNN Recoveries Plus 10% CAM Admin
Tenants reimburse taxes, insurance, and CAM, with each lease adding a 10% administrative fee on CAM.

Offering Summary

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Walmart Shadow Center at 970 Indian Drive, Eastman, GA 31023 is a 15,207-square-foot, 100% occupied retail strip center on 1.4 acres shadow-anchored by a Walmart Supercenter. Built in 2006, the center is leased to six tenants, with national tenants Cato, Little Caesars, and H&R Block occupying 43% of GLA alongside Living Word Bookstore, Soho Nail Salon, and a credit repair tenant. Cato and H&R Block have each been in place for more than 20 years. All leases are structured NNN, with tenants reimbursing their pro rata share of taxes, insurance, and CAM plus a 10% administrative fee on CAM. Walmart owns its store and draws 1.7 million annual visits, and the shopping center records 2.3 million annual visits, ranking first among shopping centers within a 30-mile radius. Neighboring retailers include Tractor Supply, Dollar Tree, Murphy USA, Sonic, and Taco Bell, and the center pulls from a trade area extending more than 30 miles across central Georgia.

Due Diligence

Location

Walmart Shadow Center sits at 970 Indian Drive in Eastman, Georgia, beside a Walmart Supercenter near U.S. Route 341. Tractor Supply, Dollar Tree, Murphy USA, Sonic, and Taco Bell surround the site, with Dodge County Hospital nearby. As Eastman's most visited shopping center, the location draws shoppers from a trade area extending more than 30 miles across central Georgia.

2.3M
Annual visits to the shopping center
1.7M
Annual visits to Walmart
30+ Mi
Trade area radius

Transaction Managers

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

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Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: AUNR003157

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Auction Opens In
41d 17h 38m 46s
$500,000
Starting Bid
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Investment Sales Brokers

Eric Abbott
Marcus & Millichap
GA License: 407938
Zach Taylor
Institutional Property Advisors
GA License: 266327

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.