For Sale
$13,750,000

780 Innovation Pkwy Appling, GA 30802

105,391 SF NNN-Leased Warehouse, Augusta, GA

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a fee-simple interest in a 105,391-square-foot industrial warehouse, ideally situated in Appling, Georgia, within the Augusta MSA. The property is 100% occupied by Club Car, LLC, under a corporate-guaranteed, Net Lease (NNN) agreement with a remaining lease term of seven years, plus four five-year renewal options. Annual rent increases of 4% are built into the lease, providing consistent NOI growth and inflation protection. The building, constructed in 2023, sits on an 11.68-acre lot and benefits from a prime location on Innovation Parkway, adjacent to Interstate 20, a major thoroughfare with an average daily traffic count of 43,400 vehicles. This strategic location within the White Oak Business Park, alongside other prominent tenants like Amazon, ensures excellent visibility and accessibility. The property's proximity to Atlanta (less than two hours) further enhances its logistical advantages, connecting Club Car to national markets. The surrounding area boasts strong demographics, with a 5-mile trade area population exceeding 10,100 and an average household income of $116,884. The property's permitted zoning is Industrial, and the asking price is $13,750,000, representing a 6.18% cap rate and a current NOI of $849,451. This low-management investment offers significant long-term value and passive income potential. The property is zoned for industrial use.

Highlights

  • Over 7 years remaining on a corporate-guaranteed lease with built-in 4% annual rent increases.
  • NNN lease, fee simple ownership, minimal landlord responsibilities.
  • Strong demographics within a 5-mile radius, average household income exceeding $116,884.

Property Details for 780 Innovation Pkwy

Property type
Warehouses, Industrial properties
Square Feet
105,391 SF
Year Built
2023
Lot Size (sq. ft)
508,781 SF

Location Insight

City
Appling
County
Columbia
State
Georgia
Latitude
33.503414
Longitude
-82.33025

FAQs

What type of property is this?
Warehouse - 105,391 SF NNN-Leased Warehouse, Augusta, GA
Where is the warehouse located?
The property is located at 780 Innovation Pkwy Appling, GA.
What is the asking price?
The asking price for this property is $13,750,000.
What are key features of this property?
This property features: Over 7 years remaining on a corporate-guaranteed lease with built-in 4% annual rent increases.; NNN lease, fee simple ownership, minimal landlord responsibilities.; Strong demographics within a 5-mile radius, average household income exceeding $116,884.
How can I contact the broker?
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780 Innovation Pkwy
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