Auto Shop NNN Investment
For Sale
$822,857
3059 Deans Bridge Road, Augusta, GA 30906
NNN investment property with a new 10-year lease.
Property Size3,240 SF
Days on Market290
Property Features for 3059 Deans Bridge Road
General Information
Standard status
Active
Size
3,240 SF
Property subtype
Retail
Building Details
Building Size
3,240 SF
Year Built
1971
Listing Agency:
Sherman & Hemstreet Real Estate
Listed By:
Joe Edge, SIOR, CCIM · License #282262
(706) 627-2789
Source:
Shermanandhemstreet
Added: Nov 25, 2025
Changed: Sep 8
Last Checked: Sep 10 at 7:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sherman & Hemstreet Real Estate
Investment Insights
Based on property information with market context.
This NNN investment property features a new 10-year lease with a regional auto glass company. The lease agreement stipulates zero landlord responsibilities and includes both personal and corporate guarantees. The rent remains fixed for the initial 5 years, followed by a 12% increase for years 6 through 10. The lease provides two 5-year renewal options, each with the same 12% rent increase structure. Situated on a high-visibility 0.67-acre corner lot, the property has undergone extensive upgrades, including a new roof planned for 2025 and a new HVAC system installed in 2024, as part of over $300,000 in renovations. The site includes a well-maintained auto shop and a large parking lot. The property is located on a signaled corner with high traffic count. The property is suited for investors seeking long-term stability and income potential. The property size is 3240 square feet.
Key Highlights
- New 10‑year lease with zero landlord responsibilities (NNN)
- Strong lease guarantee: both corporate and personal
- Fixed rent for the first 5 years with a 12% rent increase for years 6‑10, and similar increases in renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,093
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$721,860
$721.9K
Cap Rate 7%
$515,614
$515.6K
Cap Rate 9%
$401,033
$401.0K
Market Conditions
NOI Build-Up for 3,240 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.7K $16.56/SF
− Vacancy
−$2.1K −$0.65/SF
EGI
$51.6K $15.91/SF
− OpEx
−$15.5K −$4.77/SF
NOI
$36.1K $11.14/SF
Area
Augusta, GA
Vacancy
3.90%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$721,860
Cap Rate 7%
$515,614
Cap Rate 9%
$401,033
Alternative Uses
Best Use
Retail
$515.6K
$451.2K – $601.6K
NOI $36,093 @ 7.0% cap · market cap 4.39%
Second Best
Industrial
$291.4K
$255.0K – $340.0K
NOI $20,398 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$1.02M
$894.8K – $1.19M
NOI $71,587 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30906, GA
58,458
Population
24,663
Households
2.4
Avg Household Size
37
Median Age
12%
College-Educated
85%
High-School Grad
86.7 sq mi
ZIP Area
674
Density / Sq Mi
$46,159
Median Household Income
$29,218
Median Earnings
$1,051
Median Rent
$115,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- San Luis Tires — 3099 Deans Bridge Rd, Augusta, GA 30906
- Evans Car Care — 3095 Deans Bridge Rd, Augusta, GA 30906
- Xtreme Window Tinting and More — New Location, 2569 Lumpkin Rd, Augusta, GA 30906
- St. Joseph b the Catholic Churchu — 2607 Lumpkin Rd, Augusta, GA 30906
- The Tint Shop — Augusta, GA 30906
Frequently Asked Questions
What type of property is this?
Auto shop - NNN investment property with a new 10-year lease.
Where is this auto shop located?
The property is located at 3059 Deans Bridge Road Augusta, GA.
What is the asking price?
The asking price for this property is $822,857.
What are key features of this property?
This property features: New 10‑year lease with zero landlord responsibilities (NNN); Strong lease guarantee: both corporate and personal; Fixed rent for the first 5 years with a 12% rent increase for years 6‑10, and similar increases in renewal options
