For Sale
$3,654,545

0 Nowell DrAugusta, GA 30901

NN-Leased Warehouse, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
116
This Augusta, GA industrial property presents a compelling investment opportunity. The 22,800 square foot warehouse, built in 1989 and renovated in 2018, sits on a 4.1-acre lot and features 11 dock-high doors and 19-foot ceilings. Currently leased to United Rentals under a 5-year net-net lease with a corporate guarantee, the property offers significant long-term stability. The lease includes 3% annual rent increases and two five-year renewal options. The property boasts a strong net operating income (NOI) of $201,000, resulting in a 5.50% cap rate at the asking price of $3,654,545. Located at 1242 Nowell Dr, Augusta, GA 30901, it benefits from excellent access to major interstates I-20 and I-520, facilitating efficient regional distribution. Its proximity to the Ports of Charleston and Savannah further enhances its strategic value. The property includes office space with eight private offices and ten additional rooms, and features 3-phase power. The 1.6-acre laydown yard is particularly well-suited to the tenant's operational needs. The permitted zoning is Heavy Industrial. This single-unit building offers a rare opportunity in a competitive market with limited inventory.

Highlights

  • Brand new 5-year net-net lease with United Rentals, a national tenant, with corporate guarantee.
  • Lease includes 3% annual rent increases and two 5-year renewal options.
  • 1.6-acre laydown yard.
  • Low market inventory; high demand.

Property Details for 0 Nowell Dr

Property type
Warehouses, Industrial properties
Square Feet
22,800 SF
Year Built/Renovated
1989/2018
Buildings
1
Stories
2
Lot Size (sq. ft)
178,596 SF
Units
1

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.458548
Longitude
-81.9651385
Nowell Dr, Augusta, Georgia

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0 Nowell Dr
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