This property has sold.

Details: Retail

Asking Price: $2,040,000

Square Feet: 7,225 SF

Asking Cap Rate: 5.00%

Year Built: 2017

NOI: $102,000

SOLD – O’Reilly Auto Parts – Augusta

310 S Belair Rd, Augusta, GA 30907

THE OPPORTUNITY

  • NN Lease
  •  Corporately guarantee
  •  20 Year Initial Term through 1/31/2037
  • Rare O’Reilly location on outparcel to Grocery anchored shopping center
  • O’Reilly operates 5,800 plus locations
  • Essential Retailer
  • 6% Rent escalations in Year 11 & Year 16
  • Landlord Responsibilities:
    • Roof, Structure (further outline on page 6)
  • Four 5-year options
    • 6% Rent escalations in every renewal

THE HIGHLIGHTS

  • Property is located on the primary commercial corridor in the Augusta, GA market
  • Strong traffic counts with over 35,400 cars daily
  • Large commuter traffic numbers with Interstate 20 traffic counts at 76,000 cars daily
  • Centrally located to the two largest counties in the Augusta MSA
  • Close proximity to Interstate 20, 0.7 miles
  • Located in affluent Augusta suburb with high average household income levels
    • 3 Mile: $84,955
    • 5 Mile: $93,583
  • Constructed in 2017
  • Located 4 miles from the Fort Gordon main entrance, home to 32,000+ Military, Contractor, Civilian personnel
  •  Located 9 miles from downtown Augusta
  • Population within 5 miles is 124,489
  • Augusta MSA is projected to grow by 2.3% over the next 3 years
  • 36 total parking spaces

This property has sold.