Franklin Street Sells South Georgia Center for $2.8 Million

Cairo, Ga. – The price represents $59 per square foot and includes a triple-net lease guarantee.

Before its sale, Cairo Corners had a remaining triple-net lease term of more than 13 years with Delhaize America.Cairo, Ga. – Franklin Street has sold Cairo Corners shopping center, anchored by Harveys Supermarket, for $2.8 million. The price represents $59 per square foot and includes a triple-net lease guarantee. The property had a remaining triple-net lease term of more than 13 years with Delhaize America, now owned by BI-LO, one of the nation’s largest grocery retailing companies. Cairo Corners was built in 2008 on U.S. Highway 84, 15 miles west of Thomasville. Rafeal Wright and Jonathan Graber represented the seller, Cairo Sun Properties LTD LLLP, a limited liability company based in Boca Raton, Fla. The buyer is a Delaware company.

Scott Reid

 

 

 

 

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