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100% Occupied Strip Center 101 Lochlyn Pl 19,500 SF 100% Leased Retail Building Bonaire, GA 31005 $5,437,109 CAD ($278.83 CAD/SF) 7.15% Cap Rate
INVESTMENT HIGHLIGHTS
- 100 % Occupied since opening in 2009
- very little deferred maintenance
- High traffic area
EXECUTIVE SUMMARY
This 19,500 sq ft retail center has operated at 100% occupancy for the last 16 years since the first building was built in 2009 and the second building was added in 2019. W Scott Wilson Properties is pleased to offer this Retail Strip Center in Warner Robins, GA. This high exposure location has suites available from 1,875 to 8750 sq ft. It is well located on BUSY Houston Lake Road arguably one of the most desirable retail areas in Warner Robins. Additionally, most all tenants have just renewed for 5-year terms. This center has little if any deferred maintenance and has new Stacked stone facade as well as new digital pylon sign. Warner Robins is one of the fastest growing markets in Georgia and home to Warner Robins Air Force Base one of Georgia’s largest employers. Currently being offered at a 7.1% cap rate on in place NOI.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$452,278
|
$23.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$452,278
|
$23.19
|
| Taxes |
$19,579
|
$1.00
|
| Operating Expenses |
$43,864
|
$2.25
|
| Total Expenses |
$63,443
|
$3.25
|
| Net Operating Income |
$388,835
|
$19.94
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $452,278 |
| Annual Per SF | $23.19 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $452,278 |
| Annual Per SF | $23.19 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,579 |
| Annual Per SF | $1.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $43,864 |
| Annual Per SF | $2.25 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $63,443 |
| Annual Per SF | $3.25 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $388,835 |
| Annual Per SF | $19.94 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
19,500 SF
Building Class
C
Year Built
2009
Price
$5,437,109 CAD
Price Per SF
$278.83 CAD
Cap Rate
7.15%
NOI
$388,835 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
2.13 AC
Zoning
C2 - Commercial
Frontage
363’ on LOCHLYN PL
AMENITIES
- Signage
- Wheelchair Accessible
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Flooring Specialist
- Construction
- 8,250 SF
- $26.40 CAD
- Modified Gross
- Feb 2028
- James Butler
- Services
- 1,875 SF
- $21.44 CAD
- Modified Gross
- Mar 2028
- Niki and Company LLC
- Services
- 1,875 SF
- $21.44 CAD
- Modified Gross
- Mar 2028
- Tint Pro
- Services
- 7,500 SF
- $20.55 CAD
- Modified Gross
- Mar 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Flooring Specialist | Construction | 8,250 SF | $26.40 CAD | Modified Gross | Feb 2028 | |
| James Butler | Services | 1,875 SF | $21.44 CAD | Modified Gross | Mar 2028 | |
| Niki and Company LLC | Services | 1,875 SF | $21.44 CAD | Modified Gross | Mar 2028 | |
| Tint Pro | Services | 7,500 SF | $20.55 CAD | Modified Gross | Mar 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0W1060023000 | Total Assessment | $677,976 CAD |
| Land Assessment | $166,787 CAD | Annual Taxes | $19,579 CAD ($1.00 CAD/SF) |
| Improvements Assessment | $511,189 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0W1060023000
Land Assessment
$166,787 CAD
Improvements Assessment
$511,189 CAD
Total Assessment
$677,976 CAD
Annual Taxes
$19,579 CAD ($1.00 CAD/SF)
Tax Year
2024
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W. Scott Wilson Properties LLC
100% Occupied Strip Center | 101 Lochlyn Pl
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