3859 Washington Road, Augusta, GA 30907 (MLS# 473373)

3859 Washington Road, Augusta, GA 30907

$873,000
Property Type: Commercial Sale Square Footage: 3,036 Lot Size (sq. ft.): 35,284 Status: Closed
Current Price: $873,000 List Date: 7/30/2021 Last Modified: 12/29/2024

Overview

Description

Absolute NNN lease investment - no Landlord responsibilities. Tenant has 9 years remaining on lease and invested approximately $215K in location upfits and additions demonstrating commitment to the site. Perfect for the smaller investor at a 6.5 cap. Tenant has 40 locations in 6 states, no long term debt. This center is in the top 5 producing sites in their network. Corporate guarantee.

Listing Details MLS# 473373

Location, Tax & Legal

Street #
3859
Street Name
Washington
Street Suffix
Road
County
Columbia
State
GA
Zip Code
30907
MLS Area Major/Quadrant
Columbia (1CO)
Subdivision Name
None-1co
Quadrant
1CO
Parcel Number
077C040

Contract Info

Property Sub Type
Business
Original List Price
923000
Availability Date
2021-07-01
Triple Net Y/N
Yes
Tenancy
Multiple

General Property Info

Lot Size Acres
0.81
Lot Size Dimensions
100 x 315
Frontage Length
103
Average Depth
315
# Of Units Total
Yes
Total SqFt
3036
Living Area Source
Appraiser
Year Built
1977
# Retail SqFt
3036
Parking Total
25
Ceiling Height
12
Average Daily Traffic
35000
List Price/Acres
1139506.17
List Price/SqFt
304.01

Status Change Info

Closed Date
2021-10-28
Sold Price/ Acres
1077777.78
Sold Price/SqFt
287.54

Structure Type

Property Attached Y/N
No

Remarks & Misc

Directions
WASHINGTON RD WEST TO BOBBY JONES EXPRESSWAY ON THE RIGHT.
Public Remarks
Absolute NNN lease investment - no Landlord responsibilities. Tenant has 9 years remaining on lease and invested approximately $215K in location upfits and additions demonstrating commitment to the site. Perfect for the smaller investor at a 6.5 cap. Tenant has 40 locations in 6 states, no long term debt. This center is in the top 5 producing sites in their network. Corporate guarantee.

More Information

Income & Expenses

Net Operating Income
60000
Cash Flow
60000

Current Use

Retail
Yes
Other
Yes
See Remarks
Yes

Business Type

Auto Service
Yes

Possible Use

Automotive
Yes
Retail
Yes

Roof

Asphalt
Yes

Parking Features

Lighted
Yes

Development Status

Finished Lot(s)
Yes

Utilities

Underground Utilities
Yes

Water Source

Public
Yes

Improvements

Sidewalks
Yes

Sewer

Public Sewer
Yes

Lot Features

Level
Yes

Road Frontage Type

County Road
Yes

Road Surface Type

Asphalt
Yes
Paved
Yes

Restrictions

Other
Yes
See Remarks
Yes

Land Options

Leased
Yes

Possession

Close Of Escrow
Yes

Showing Requirements

Restricted Hours
Yes

Electric

220 Volts
Yes

Listing Terms

Lease Option
Yes
Lease Purchase
Yes

Special Listing Conditions

Not Applicable
Yes
Short Sale
Yes

Documents

Aerial
Yes
Environmental Studies
Yes
Leases
Yes
Legal
Yes
Phase 1 Environmental Audit
Yes
Plat
Yes
Pro-Forms Statement
Yes
Profit/Loss Statement
Yes
Traffic
Yes

Property Features

Business Type: Auto Service Current Use: Retail; Other; See Remarks Possible Use: Automotive; Retail Roof: Asphalt Parking Features: Lighted Development Status: Finished Lot(s) Utilities: Underground Utilities Improvements: Sidewalks Lot Features: Level Water Source: Public Sewer: Public Sewer Road Frontage Type: County Road Road Surface Type: Asphalt; Paved Restrictions: Other; See Remarks Land Options: Leased Possession: Close Of Escrow Showing Requirements: Restricted Hours Electric: 220 Volts Listing Terms: Lease Option; Lease Purchase Special Listing Conditions: Not Applicable; Short Sale Documents: Aerial; Environmental Studies; Leases; Legal; Phase 1 Environmental Audit; Plat; Pro-Forms Statement; Profit/Loss Statement; Traffic
Listing Office: Emory Williamson Company
Listing Agent: Emory J. Williamson
Last Updated: December - 29 - 2024
Information deemed reliable but not guaranteed.