For Sale
$10,250,000

229 General Screven WayHinesville, GA 31313

Georgia Shopping Center, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
Hinesville Square, a 164,486 square foot shopping center in Hinesville, Georgia, presents a compelling investment opportunity. This two-building, multi-tenant property boasts 24 tenants, including national brands like Dollar Tree, Hibbett Sports, and UPS Store, along with a diverse mix of local businesses. Built in 1986 and renovated in 2005, the center enjoys a 98.2% occupancy rate and a strong NOI of $896,521, representing an 8.75% cap rate at an asking price of $10,250,000 ($62.32/sq ft). The property sits on 15.59 acres with 740 parking spaces and is strategically located at the intersection of W General Screven Way and Elma G Miles Pkwy, benefiting from high traffic volume (over 43,000 vehicles per day). Its proximity to Fort Stewart, the largest Army installation east of the Mississippi, and the expanding Savannah MSA, adds to its appeal. The center is also less than 0.5 miles from Olgethorpe Hwy and within 1.5 miles of major retailers like Walmart and Lowe's. Current leases vary, offering a new owner the potential to increase NOI through market rent adjustments. The C-2 zoning allows for flexibility. This property offers a blend of established tenants, strong demographics, and significant upside potential.

Highlights

  • Proven operating history with a diverse tenant mix and high lease renewal rates.
  • Excellent accessibility via signalized intersection of W General Screven Way and Elma G Miles Pkwy, offering multiple ingress/egress points.
  • Strong demographics: over 43,000 VPD, 50,000+ population within 5 miles, and access to the 400,000+ Savannah MSA population.
  • Located in a thriving retail corridor near major retailers including Walmart, Lowe's, and Kroger.
  • Significant regional growth potential due to Hyundai's $5.54B Metaplant EV facility.
  • Below-market rents present immediate upside potential for increased NOI.

Property Details for 229 General Screven Way

Property type
Lifestyle centers, Power centers
Square Feet
164,486 SF
Year Built/Renovated
1986/2005
Buildings
2
Lot Size (sq. ft)
679,100 SF

Location Insight

City
Hinesville
County
Liberty
State
Georgia
Latitude
31.8428045
Longitude
-81.6017932
229 General Screven Way, Hinesville, Georgia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
229 General Screven Way
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message