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22867197
22867198

3059 Deans Bridge Rd, Augusta, GA 30906

JE
GA GA 282262
Sherman & Hemstreet Real Estate Company
Listed by Sherman & Hemstreet Real Estate Company
$822,857
424 days on market
Updated 11 days ago

NNN Investment - 7.00% Cap Rate

Details
APN 096-2-080-00-0
Property Type Retail
Sub Type Auto Shop, Free Standing Building
Square Footage 3,240
Cap Rate 7%
NOI $57,600
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10.2
Lease Expiration 03/31/2035
Remaining Term 8.8
Rent Bumps Yes
Lease Options Two (5) year options
Price per SqFt $274
Broker Co-Op Yes
Class B
Year Built 1971
Year Renovated 2024
Acreage 0.670
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2025
Occupancy Date 01/01/2025
Ground Lease No

Retail | 7.00% CAP | 3,240 SqFt

Marketing description

This NNN investment property has a new 10 year lease with a regional auto glass company. Landlord has zero responsibilities under the lease. Lease contains both personal and corporate guarantees. Rent is fixed for first 5 years and has a 12% bump for years 6-10. Lease has two 5 year options to renew with the same 12% bump structure. This high-visibility 0.67-acre corner property has been extensively upgraded, including a new roof (2025) and HVAC system (2024) as part of over $300,000+ in renovations. The site features a well-maintained auto shop and a large parking lot, making it a safe investment opportunity. The site is ideal for an investor looking for long-term stability and income potential. Title, phase I and other due diligence items are available.

This property is located at a signaled corner at Deans Bridge Road and Golden Camp Road. It is a very visible location with it being a corner lot and has a high traffic count along Deans Bridge Road with very good frontage on the site. It also has nearby easy access to I-520 and Highway 78. Site has future redevelopment potential for single tenant fast food or other retail uses.

Listing Contacts

JE
GA GA 282262
Sherman & Hemstreet Real Estate Company
Listed by Sherman & Hemstreet Real Estate Company

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$57,600.00
$4,800.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Joe Edge
License
GA 282262
Brokerage
Sherman & Hemstreet Real Estate Co
Brokerage Phone
7067228334
Title
Broker in Charge
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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