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Marcus & Millichap Arranges the Sale of a 800-Square-Foot Net-Leased Property

DUBLIN, Ga., September 11, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Checkers, a 800-square foot net-leased property located in Dublin, Ga., according to Chris Travis, sales manager of the firm’s Tampa office. The asset sold for $1,020,000.

James Garner, James Medefind and Jim Shiebler, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured and represented by James Garner, James Medefind and Jim Shiebler. Broker, Michael Fasano, assisted in closing this transaction.

Checkers is located at 110 Mall Road in Dublin, Ga. Checkers is positioned along US Highway 80 (Veterans Boulevard) which receives over 12,000 vehicles per day. The subject property is an outparcel to a 242,000 square-foot Dollar Tree anchored shopping center and is shadow anchored by Dublin Mall. Dublin Mall consists of over 310,000-square-feet of retail featuring Dollar General, OfficeMax, TJ Maxx, Belk, Hibbett Sports and many others. Checkers is also ideally located less than a quarter-mile away from Dublin High School. The 254,000-square-foot Westgate Shopping Center is located one half mile to the east and is anchored by Big Lots and The Home Depot.

This market features ideal trade demographics for Checkers. The median age and average household income within a three-mile radius of the subject property is approximately 40 years and $59,800, respectively. The city of Dublin, Georgia was named after Dublin, Ireland because of its predominant Irish population. Dublin is located less than one hour southeast of Macon, which is the fourth largest metropolitan area in Georgia. The Macon area is known for its rich history, incredible architecture, southern charm and soulful music. Macon is also home to the U.S. Department of Defense as well as several military bases.

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