For Sale
$1,765,000

3857 St Marys RdColumbus, GA 31906

High-yield retail investment; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a freestanding, 20,868-square-foot retail building in Columbus, Georgia, currently occupied by a Goodwill Outlet Store under a 10-year NNN lease commencing September 1, 2024. The property boasts a 6.50% cap rate and a substantial net operating income (NOI) of $114,576. Situated on a 2.63-acre lot with 56 parking spaces (including 4 handicap-accessible spaces), the property enjoys excellent visibility and accessibility from Interstate 185. The building, constructed in 2014, is zoned GC (General Commercial) and benefits from a strong tenant history. The NNN lease structure minimizes landlord responsibilities, making this an ideal low-maintenance, passive income investment. The property's location is further enhanced by its proximity to other established retailers, including Ace Hardware, Shell and Marathon gas stations, Hardee's, Piggly Wiggly, Family Dollar, and a Microtel Inn & Suites. This prime location is surrounded by residential areas and schools, ensuring consistent foot traffic and strong market demand. The property's financial details are available in a comprehensive offering memorandum. This is a turnkey investment opportunity with significant potential for long-term growth and return. The property's address is 3857 St Marys Rd, Columbus, GA 31906. The APN is 088 051 033.

Highlights

  • 20,868 SF freestanding building.
  • Excellent I-185 access.
  • General Commercial (GC) zoning.
  • Goodwill Outlet Store, 10-year NNN lease, 100% occupancy.
  • $1,765,000 asking price, 6.50% cap rate, $114,576 NOI.
  • 56 parking spaces (4 handicap).

Property Details for 3857 St Marys Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
20,868 SF
Year Built
2014
Buildings
1
Stories
1
Lot Size (sq. ft)
114,563 SF

Location Insight

City
Columbus
County
Muscogee
State
Georgia
Latitude
32.446694896332
Longitude
-84.931205098836
3857 St Marys Rd, Columbus, Georgia

FAQs

What type of property is this?
Retail property - High-yield retail investment; strong tenant.
Where is the retail property located?
The property is located at 3857 St Marys Rd Columbus, GA.
What is the asking price?
The asking price for this property is $1,765,000.
What are key features of this property?
This property features: 20,868 SF freestanding building.; Excellent I-185 access.; General Commercial (GC) zoning.
How can I contact the broker?
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3857 St Marys Rd
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