For Sale
$2,225,000

388 Longwood DrRichmond Hill, GA 31324

6,272 SF Warehouse, Strong Tenant, 6.8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity in Richmond Hill, Georgia. This ±6,272 square foot Class B warehouse, situated on a ±1.5-acre lot, presents a compelling acquisition prospect. The property boasts prime I-95 visibility along Longwood Drive, benefiting from high daily traffic counts (91,400 vehicles). Currently fully leased to W.W. Gay Mechanical Contractor Inc. under a NNN lease with a remaining term of approximately five years, expiring November 30, 2029. The lease commenced November 1, 2024, and includes a 4% annual rent increase. The building features three drive-thru bays (8'W x 14'H) and a 16' clear height. The property is zoned I-1 (Industrial) by the City of Richmond Hill. The asking price is $2,225,000, representing a 6.80% cap rate. A 60-month lease option exists, with the rent determined by the higher of fair market value or a 4% increase. This is a rare opportunity to acquire a well-located, income-producing industrial asset with strong tenant occupancy and significant upside potential. The building was constructed in 2003. Please note that while the marketing materials mention office space, the actual square footage reflects the warehouse space only.

Property Details for 388 Longwood Dr

Property type
Warehouses, Industrial properties
Square Feet
6,272 SF
Class
B
Year Built
2003
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Richmond Hill
County
Bryan
State
Georgia
Latitude
31.9650752
Longitude
-81.3258113
388 Longwood Dr, Richmond Hill, Georgia

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388 Longwood Dr
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