2664 New Barton Chapel Rd - Freestanding FOR SALE


Augusta, GA 30906- Barton Chapel
$3,510,000 USD
770-855-8976
2664 New Barton Chapel Rd, Augusta, GA for Sale
$3,510,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

2664 New Barton Chapel Rd
Augusta, GA 30906
Barton Chapel


HIGHLIGHTS

  • Significant Value-Add Opportunity: NOI can be grown 33%+ via leasing of a 1,798 SF endcap and rolling in-place rents to market
  • Development-Ready Pad: A ~0.5 acre pad site with frontage, for which Seller has procured construction drawings for a 8,000 SF additional strip center
  • Developable Excess Land: ~11.5 acres of land behind the center is ideal for self-storage, light industrial, or residential development
  • Proximity to Fort Gordon: The 56k acre installation (~2.5 miles west of the property) has a 115k population and an economic impact of $2.4B annually
  • Augusta is a Growing Market: Augusta is the second largest metro in Georgia, and the population has grown 26% in the past two decades

OVERVIEW

Prime investment opportunity to acquire a true, value-add shopping center, as well as ~12.00 acres of developable land, in the growing market of Augusta, GA. In addition to the lease-up of a 1,798 SF, endcap vacancy, value-add returns can be achieved by rolling tenants to market. The in-place, weighted average rental rate is $14.35 PSF, with most tenants having gross lease structures. Market rent is +$15.00 PSF NNN. The ~12.00 acres of developable land is comprised of a 0.5 acre development-ready pad with frontage along Barton Chapel Rd and ~11.5 acres of land behind the shopping center that is ideal for self-storage, light industrial, or residential.

FOR SALE DETAILS

PRICE

$3,510,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Barton Chapel Plaza & Developable Land

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

15.66 AC

LAND SF

682,150 SF

ZONING

B-2

APN/PARCEL ID

0950386010

ASK ABOUT THIS PROPERTY

Collin CambasJohnny Blue Real Estate Services, LLCMore Info
770-855-8976

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Collin CambasJohnny Blue Real Estate Services, LLCMore Info
770-855-8976

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.