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Square Feet: 55,907 SF

Asking Cap Rate: MTD

Year Built: 1986

Year Renovated: 2021

NOI: $690,565

Miller Motte Center

3128 Deans Bridge Road, Augusta, GA

THE ASSET
• Miller-Motte College anchored shopping center
• Multi Unit college operator, 11 campuses through Georgia, South
Carolina, North Carolina, Oklahoma, and Tennessee
• New location for Miller-Motte with a lease commencing in 2022
• The center is 97% occupied
• Below market rents
• Internet resistant tenant mix
• Outparcel presents opportunity for an investor to retenant upon
current Tenant’s lease expiration
• Located along one of the trade area’s most heavily traveled
intersections with traffic counts of over 25,000 Vehicles Per Day

 

THE MARKET
• Property located on one of the primary commercial corridors in the
Augusta, GA market
• Strong traffic counts with over 100,000 cars daily
• Dean Bridge Rd: 25,615, ADT
• I-520: 77,000 ADT
• Conveniently located near Fort Eisenhower, the home of Army Cyber
Command and NSA’s regional facility
• Fort Eisenhower employs over 31,000 military, civilian, and
contractor personnel
• Walmart located on the east side of I-520 from the subject property
• Fast food competitors on the corridor include McDonald’s, Captain
D’s, and Popeyes
• Augusta MSA’s Population within 5 miles is expected to grow almost
7% by 2025

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