White Oak Business Park
105,391 SF | 4-Star Industrial Building | Appling, GA 30802 | $13,613,000 ($129/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $13,613,000
- Property Type
-
Industrial
- Price / Square Foot
- $129
Listing Contacts
Patrick Luther
Verified Profile
Ivy Kwon
Verified Profile
Matthew Mousavi
Verified Profile
- Property Info
Property Overview
SRS National Net Lease Group in collaboration with Lavista Associates, Inc. are pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, freestanding Club Car investment property located in Appling, Georgia (Augusta MSA). The tenant, Club Car, LLC, recently signed a brand new 7 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 4% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
The site is located adjacent to Interstate 20, which averages 43,400 vehicles passing by daily and is a major commuter thoroughfare serving the city of Appling. The property is located within White Oak Business Park, which features Amazon as another prominent tenant. The site is positioned with interstate access, which provides commerce connectivity through Georgia and all areas of the United States. Furthermore, the asset is located less than 2 hours from Atlanta, a major national trade hub that helps connect Club Car with customers around the country. In addition, Club Car is positioned within Columbia County, which features a diverse blend of industry, residents, amenities, and natural environment making Columbia County a growing and integral component of Georgia. Columbia County is also a growing community with high homeownership rate and increasing incomes that outpace the state of Georgia as a whole. The 5-mile trade area is supported by a population of over 10,100 with an affluent average household income of $116,884.
The site is located adjacent to Interstate 20, which averages 43,400 vehicles passing by daily and is a major commuter thoroughfare serving the city of Appling. The property is located within White Oak Business Park, which features Amazon as another prominent tenant. The site is positioned with interstate access, which provides commerce connectivity through Georgia and all areas of the United States. Furthermore, the asset is located less than 2 hours from Atlanta, a major national trade hub that helps connect Club Car with customers around the country. In addition, Club Car is positioned within Columbia County, which features a diverse blend of industry, residents, amenities, and natural environment making Columbia County a growing and integral component of Georgia. Columbia County is also a growing community with high homeownership rate and increasing incomes that outpace the state of Georgia as a whole. The 5-mile trade area is supported by a population of over 10,100 with an affluent average household income of $116,884.
Property Details
- Class
- A
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 508,781 SF
Highlights
- Over 7 Years Remaining | Corporate Signed | Scheduled Rental Increases
- NNN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
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