Goodwill Outlet Store | 3857 Saint Marys Rd
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Goodwill Outlet Store 3857 Saint Marys Rd
20,868 SF Retail Building Columbus, GA 31906 $1,765,000 ($85/SF) 6.50% Cap Rate
Investment Highlights
- +/- 20,868 SF Freestanding Building
- Zoned GC: General Commercial
- Low Maintenance, Passive Income Opportunity
- Easy Access to Interstate 185
- Current Tenant: Goodwill Outlet Store | 10+ Year Extension on Lease
- 56 Parking Spaces ( 4 Handicap Spaces )
Executive Summary
The property is a +/-20,868 SF freestanding retail building on a +/-2.07 acre site, occupied by Goodwill Outlet Store. The tenant leased this property in 2019 and recently signed a 10-year lease extension, demonstrating their business' strength and commitment to the location.This NNN lease investment is offered at $1,765,000. The tenant pays all CAM, taxes, insurance, and maintenance expenses for the building and property and Landlord is responsible only for maintenance of walls, roof, and structure. Includes signage, 56 parking spaces (4/1,000 SF), loading dock, and truck parking.The investment requires little maintenance and is ideal for investors seeking stable, passive income. Surrounding area includes a healthy mix of retail, fast food and hospitality businesses, single and multi-family communities, churches, and schools.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
20,868 SF
Building Class
B
Year Built
2014
Price
$1,765,000
Price Per SF
$85
Cap Rate
6.50%
NOI
$114,725
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
2.63 AC
Zoning
GC - General Commercial
Parking
56 Spaces (2.68 Spaces per 1,000 SF Leased)
Frontage
614 FT on St Marys Rd
Amenities
- Freeway Visibility
- Signage
PROPERTY TAXES
| Parcel Number | 088-051-033 | Improvements Assessment | $638,701 |
| Land Assessment | $94,484 | Total Assessment | $733,185 |
PROPERTY TAXES
Parcel Number
088-051-033
Land Assessment
$94,484
Improvements Assessment
$638,701
Total Assessment
$733,185
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Goodwill Outlet Store | 3857 Saint Marys Rd
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