For Sale
$1,700,000

101 Maple DrMartinez, GA 30907

Georgia Shopping Center: High NOI, Great Visibility

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents Maple Street Station, a 13,510 square foot shopping center situated at 101 Maple Drive in Martinez, Georgia (30907), within the Augusta MSA. The property, built in 2000, comprises two single-story buildings encompassing twelve units and benefits from a C-2 zoning designation. Currently boasting a Net Operating Income (NOI) of $132,406 and a 7.79% cap rate, a pro-forma NOI of $165,923 and a 9.76% pro-forma cap rate demonstrates significant upside potential. Recent improvements include a $90,000 investment in roof upgrades and a new coating system. The property enjoys exceptional visibility and accessibility, situated on Columbia Road with high traffic counts exceeding 32,000 vehicles per day. This prime location within a densely populated retail corridor offers a strong tenant mix and substantial growth opportunities through lease-up and rent escalations. The asking price is $1,700,000, translating to $125.83 per square foot. This is a rare chance to acquire a well-maintained, high-performing shopping center with considerable future income potential.

Highlights

  • Exceptional upside potential through lease-up and rent increases.
  • High traffic counts exceeding 32,000 vehicles daily on Columbia Road.
  • Prime location in a densely populated retail corridor.
  • Outstanding visibility and accessibility with frontage on Columbia Road.
  • Easy accessibility.

Property Details for 101 Maple Dr

Property type
Lifestyle centers, Power centers
Square Feet
13,510 SF
Year Built
2000
Buildings
2
Stories
1
Units
12

Location Insight

City
Martinez
County
Columbia
State
Georgia
Latitude
33.5070134
Longitude
-82.1395309
101 Maple Dr, Martinez, Georgia

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101 Maple Dr
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