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Magnolia Place 5926-5946 Ga-21 Hwy 13,000 SF 92% Leased Retail Building Rincon, GA 31326 $2,373,064 CAD ($182.54 CAD/SF) 8.70% Cap Rate
EXECUTIVE SUMMARY
Multi-tenant strip center with frontage, visibility, signage, and access along Highway 21 in Rincon, GA with appx. 38,000 vehicles passing daily. Built in 2000, this center is divided into 12 units but is currently configured as 5 with 4 tenants occupying multiple bays and one vacancy. Rents are below market and offer opportunity to investor to mark to market and add value, or use to occupy a portion of the building. Rent roll and expenses to be provided on request.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,000 SF
Building Class
B
Year Built
2000
Price
$2,373,064 CAD
Price Per SF
$182.54 CAD
Cap Rate
8.70%
NOI
$206,457 CAD
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.26 AC
Zoning
B-2
Parking
60 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0465M-00000-007-000 | Improvements Assessment | $292,580 CAD |
| Land Assessment | $273,736 CAD | Total Assessment | $566,316 CAD |
PROPERTY TAXES
Parcel Number
0465M-00000-007-000
Land Assessment
$273,736 CAD
Improvements Assessment
$292,580 CAD
Total Assessment
$566,316 CAD
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Magnolia Place | 5926-5946 Ga-21 Hwy
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