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19874925

106 General Screven Way, Hinesville, GA 31313

JH
GA #356929, SC #111028
Stonestreet Properties, LLC
Listed by Stonestreet Properties, LLC
$420,000
1621 days on market
Updated 93 days ago

Biomat Parking Lot- Investment Sale

Details
APN 056C133
Property Type Special Purpose
Sub Type Garage/Parking
Square Footage 11,325
Cap Rate 5.00%
NOI $26,400
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 9.2
Lease Expiration 02/28/2029
Remaining Term 2.6
Lease Options 2 x 5 years
Acreage 0.260
Zoning C2- Commercial
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2020

Income Producing | Long-term Absolute NNN Lease with Escalations

Marketing description

Newly constructed parking lot on long-term, income producing absolute NNN lease agreement. Investment property with 7 years remaining on a Triple Net (NNN) Leased to PBC Plasma, Inc. Virtually Zero Landlord Responsibilities. Great location for future redovelopment Opportunity.

The absolute NNN lease structure provides little to no landlord responsibility while enjoying passive ownership, durable cashflow during the investment period, resulting in protection against future expense inflation risk. The Lease agreement was crafted with ease of ownership in mind all expenses are passed along directly to the tenant.

Stable Absolute Triple Net with Income Growth. The 100%- leased rent roll provides a long-term and attractive inflation-protected income stream with annual increases.

Investment highlights

  • Brand New Construction Parking Lot With 8 Years Remaining o n a Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • Leased t o BPC Plasma, Inc. - Which i s Wholly Owned by Grifols Pharmaceuticals, a World Leader i n Blood Plasma-Based Products
  • Excellent location for Future Redevelopment
  • New Constrcution in prominent retail and medical corridor
  • Located in One of the Most Restrictive Certificate-of-Need States
  • Recession Proof and Internet Resistant Tenant

Listing Contacts

JH
GA #356929, SC #111028
Stonestreet Properties, LLC
Listed by Stonestreet Properties, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$26,400.00
$2,200.00/mo

Valuation Metrics

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DSCR
6.29%
Cap Rate
6.29%
ROI

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