1646 Gordon Hwy
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1646 Gordon Hwy
1,717 SF Retail Building Augusta, GA 30906 $361,455 CAD ($211 CAD/SF) 6.27% Cap Rate
Investment Highlights
- 100% occupancy for immediate investment returns
- Brand New Roof & HVAC System Installed April 2021
- High visibility with 21,000 VPD traffic count
- 2 years remaining on current lease
Executive Summary
Introducing an exceptional opportunity for retail/restaurant investors in Augusta, GA. This prime property is located near the intersection of Gordon Hwy and Deans Bridge Rd in Augusta Ga, right across from the Southgate Plaza shopping center on Gordon Hwy. Just minutes away from Downtown Augusta and surrounded by other retail spaces, apartments and neighborhoods.
This property offers a 1,717 SF building, zoned C3- Commercial, with a new Roof and HVAC system installed in April 2021. With 100% occupancy, it presents a solid investment with immediate returns. Current tenant has 2 years remaining on the initial lease term and 2 additional renewal options all with built in 5% annual rent increases. Landlord is only responsible for the Taxes and Insurance on the property.
This property offers a 1,717 SF building, zoned C3- Commercial, with a new Roof and HVAC system installed in April 2021. With 100% occupancy, it presents a solid investment with immediate returns. Current tenant has 2 years remaining on the initial lease term and 2 additional renewal options all with built in 5% annual rent increases. Landlord is only responsible for the Taxes and Insurance on the property.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,717 SF
Building Class
C
Year Built
1973
Price
$361,455 CAD
Price Per SF
$211 CAD
Cap Rate
6.27%
NOI
$22,646 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.37 AC
Opportunity Zone
Yes
Zoning
C3 - Commercial
Frontage
80 ft on Gordon Highway
Nearby Major Retailers
1 of 11
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1646 Gordon Hwy
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