For Sale
$299,000

1631 Warm Springs RdColumbus, GA 31904

High-Traffic Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This Columbus, GA, grocery store presents a compelling investment opportunity. Located at 1631 Warm Springs Road, this single-story, 2,744 square foot building sits on a 0.22-acre lot and is zoned NC. Built in 1949 and fully renovated in 2023, the property boasts 100% occupancy with a credit-rated tenant under a NNN lease commencing November 1, 2023, and expiring August 31, 2027. The current Net Operating Income (NOI) is $23,000, yielding a 7.69% cap rate. The asking price is $299,000. This prime retail location offers high visibility and consistent traffic, making it an ideal investment for those seeking a stable, income-producing asset in a thriving market. The property's spacious interior is well-suited for retail operations, featuring ample space for shelving, displays, and checkout counters. This is a single-unit, Class C institutional investment.

Highlights

  • Columbus, GA grocery store investment opportunity. 2,744 SF building on 0.22-acre lot, zoned NC.
  • Fully renovated in 2023, 100% occupancy with credit-rated tenant under NNN lease (11/1/2023 - 8/31/2027).
  • $299,000 asking price, $23,000 NOI, 7.69% cap rate.
  • High visibility, prime retail location. Class C institutional investment.

Property Details for 1631 Warm Springs Rd

Property type
Retail properties, Office properties
Square Feet
2,744 SF
Class
C
Year Built/Renovated
1949/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
9,583 SF
Units
1

Location Insight

City
Columbus
County
Muscogee
State
Georgia
Latitude
32.492614084427
Longitude
-84.966805809933
1631 Warm Springs Rd, Columbus, Georgia

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1631 Warm Springs Rd
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