801 King Ave Kingsland, GA 31548

Kings Bay Crossing, an 11-unit, 12,000 square foot shopping center in Kingsland, Georgia, presents a compelling value-add opportunity. This fee-simple property, situated on a 1.51-acre lot at 801 E King Ave (zip code 31548), boasts 100% occupancy with ten tenants in approximately 1,200 square foot suites. Built in 1990 with two single-story buildings, the center features ample parking (40 spaces per 1,000 sq ft) and three points of ingress/egress. The asking price is $950,000, representing a current cap rate of 7.91% and a pro-forma cap rate of 12.80% based on projected rent increases. The current Net Operating Income (NOI) is $75,112, with a pro-forma NOI of $121,578. The property is zoned commercial and includes a 1,500 square foot vacant storage unit built in 2010. Lease terms are NNN with varying rent bumps and lease options available. The property is strategically located near the Kings Bay Naval Base, a significant employment center with over 9,000 personnel. This location offers high visibility on a signalized corner with approximately 18,500 vehicles per day. The current rent per square foot is significantly below market, presenting substantial upside potential for future income growth. The property's price per square foot is $79.17, well below replacement cost. A utility easement exists on the rear of the property.