801 King AveKingsland, GA 31548

Property Details for 801 King Ave

Year built

1990

Lot size

1.51 AC

Property size (Sq ft)

12,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Kingsland

County

Camden

State

Georgia

Latitude

30.8007

Longitude

-81.6795

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].