Westgate Shopping Center

PROPERTY OVERVIEW

• Grocery-anchored community shopping center benefits from daily convenience retail traffic.
• Harvey’s has a strong health ratio: Harvey’s sales relative to occupancy cost are solid; sales in their second year of operation – 2013 – equal a 2.1% health ratio.
• Harvey’s to go public. Southeastern Grocers, owner of Harvey’s, Bi-Lo and Winn Dixie, fi led an IPO earlier this year to raise as much as $500mm, listing its common stock under the symbol SEG.
• McDonald’s restaurant on a long-term ground lease included.
• Shadow-anchor Home Depot serves as a significant traffic and crosshopping generator.
• Solid Middle Georgia market with significant economic drivers: With the VA Medical Center and Fairview Park Hospital, Dublin boasts one of the highest concentrations of doctors in Georgia. Dublin’s location along the I-16 corridor midway between Savannah and Atlanta makes it home to a significant number of distribution centers, including those of Fred’s, Best Buy, YKK and others.
• Excellent location in Dublin. The site enjoys signalized access on Dublin’s main commercial thoroughfare – US 80/Veteran’s Blvd – sharing the same traffic light with entrance to Carl Vinson VA Medical Center.
• Seasoned, successful shopping center with many long-time tenants in occupancy.
• Discount to replacement cost opportunity.