For Sale
$420,000

106 General Screven WayHinesville, GA 31313

High-yield, NNN-leased parking lot.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 11,325 square foot parking lot located at 106 General Screven Way, Hinesville, GA 31313 (APN: 056C133). The property sits on a 0.26-acre lot zoned C2-Commercial and is currently 100% occupied under a triple-net (NNN) lease with PBC Plasma, Inc., a subsidiary of Grifols Pharmaceuticals. The lease commenced January 1, 2020, and has a remaining term of approximately 4.3 years, with two 5-year renewal options. The current lease provides a stable annual net operating income (NOI) of $26,400, representing a 5.00% capitalization rate on the asking price of $420,000. The tenant, a major player in the blood plasma industry, provides a corporate guarantee, minimizing landlord responsibilities. This newly constructed facility offers a compelling investment with a long-term, inflation-protected income stream and significant potential for future redevelopment in a prime retail and medical corridor. The absolute NNN lease structure ensures all expenses are the tenant's responsibility, providing passive ownership and protection against future expense inflation. Annual rent escalations are built into the lease agreement. This is a recession-proof and internet-resistant investment, situated in a location with restrictive Certificate-of-Need regulations.

Property Details for 106 General Screven Way

Property type
Specialty properties, Parking lots & garages
Square Feet
11,325 SF
Lot Size (sq. ft)
11,326 SF

Location Insight

City
Hinesville
County
Liberty
State
Georgia
Latitude
31.8397271
Longitude
-81.5966835
106 General Screven Way, Hinesville, Georgia

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106 General Screven Way
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