For Sale
$4,043,000

3422 Wrightsboro RdAugusta, GA 30909

Augusta, GA Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 8,960 square foot shopping center in Augusta, Georgia presents a compelling investment opportunity. Boasting a 6.75% cap rate and a 100% occupancy rate, the property generates a substantial net operating income (NOI) of $272,914. Anchored by established tenants including Starbucks and AT&T, three of the four units have enjoyed long-term occupancy (15+ years). The center benefits from a strong tenant mix, considered internet-resistant, and is strategically located on Wrightsboro Road, a major thoroughfare with over 32,000 vehicles passing daily, complemented by nearby high-traffic roadways exceeding 97,000 vehicles daily. Built in 1989 and renovated in 2006, this single-story building sits on a 1.12-acre lot. The property features four units and offers scheduled rent increases for several tenants, promising future income growth. Situated in a thriving market fueled by key economic drivers such as Fort Gordon, Amazon, the Medical College of Georgia, and the Masters Tournament, this investment offers stability and significant upside potential. The asking price is $4,043,000, translating to $451.23 per square foot. The property's strong performance and prime location make it an attractive addition to any portfolio. Property details include a parcel number (APN) of 041-4-039-00-0.

Highlights

  • Prime Augusta, GA location in a high-growth market.
  • Strong economic base anchored by Fort Gordon, Amazon, MCG, and the Masters Tournament.
  • Low vacancy rates ensure quick lease-up of any future vacancies.

Property Details for 3422 Wrightsboro Rd

Property type
Lifestyle centers, Power centers
Square Feet
8,960 SF
Year Built/Renovated
1989/2006
Buildings
1
Stories
1
Lot Size (sq. ft)
48,787 SF
Units
4

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.467717166688
Longitude
-82.077443904313
3422 Wrightsboro Rd, Augusta, Georgia

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3422 Wrightsboro Rd
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