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632 W Oglethorpe Hwy

Hinesville, GA 31313

$3,400,000

Freestanding For Sale  •  7,750 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 7,750 Sq Ft
  • Lot Size 1.46 ac
  • Building Class B
  • Year Built 2018
  • Cap Rate 7.00 %
  • Tenancy Multiple
0 Transit Score
44 Walk Score

Description

This immediate area is flourishing with new development and is experiencing a true growth boom with nearly every chain restaurant in the area reporting multiples above their respective chain averages.  The property is located in the major retail and dining node of Hinesville, Georgia near Fort Stewart Army Base.  Fort Stewart is comprised of over 288,000 acres and home to 22,500 people including 18,500 full-time soldiers, 4,000 Army Civilian workers, and more than 18,000 military retirees.  Fort Stewart is the Army’s premier power projection platform on the East Coast and has an economic impact of $4.9 billion to Coastal Georgia.  There are over 67,000 people within a 10-mile trade area with an average household income of approximately $60,000 per year.  Additionally, there is a daytime population of over 32,000 people within 5 miles.

Highlights

3 Tenants / Long Leases / Passive Ownership
McAlister’s Deli –10-Year Lease (77 Location Operator)
Krispy Kreme: 10-Year Corporate Lease (1,000+ Locations)
MadVapes: 10-Year Corporate Lease (113 Locations)
Superb visibility and access to West Oglethorpe Hwy (35,800 cars per day)

Financial Summary

Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Krispy Kreme 2,700 SF
MadVapes 1,200 SF
McAlister's Deli 3,850 SF

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Doug Clyburn 678-347-2220 Shane Investment Property Group
Doug Clyburn 678-347-2220 Shane Investment Property Group