New Evans, GA Retail
For Sale
Contact for pricing
Pending
4687 Washington Rd, Evans, GA 30809
New retail property in Evans, GA with long-term lease.
Property Size22,973 SF
Days on Market168
Property Features for 4687 Washington Rd
General Information
Standard status
Pending
Size
22,973 SF
Class
A
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Building Details
Year Built
2026
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
Listed By:
Patrick Hammond · License #MI 6501373051
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 9 at 8:14AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This new, build-to-suit retail property in Evans, GA, offers the opportunity to acquire a 20-year, corporate-guaranteed lease. The property is strategically positioned along Washington Road, in Columbia County's commercial corridor. The location benefits from visibility, proximity to national retailers, and access to a growing suburban market in the Augusta metro area. Designed to specifications, the 22,973-square-foot store includes a masonry feed room and drive-thru pickup. The lease commences in 2026 and includes four renewal options. The property is located in a trade area experiencing population and household growth.
Key Highlights
- 20‑year corporate‑guaranteed lease by Tractor Supply.
- Located on Washington Road, a dominant commercial corridor.
- New construction (2026) built to Tractor Supply's latest prototype featuring a masonry feed room and drive‑thru pickup.**
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
$255,917
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
2.96%
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%
$5,118,340
$5.1M
Cap Rate 7%
$3,655,957
$3.7M
Cap Rate 9%
$2,843,522
$2.8M
Market Conditions
NOI Build-Up for 22,973 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
$380.4K $16.56/SF
− Vacancy
−$14.8K −$0.65/SF
EGI
$365.6K $15.91/SF
− OpEx
−$109.7K −$4.77/SF
NOI
$255.9K $11.14/SF
Area
Columbia County, 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%
$5,118,340
Cap Rate 7%
$3,655,957
Cap Rate 9%
$2,843,522
Alternative Uses
Best Use
Retail
$3.66M
$3.20M – $4.27M
NOI $255,917 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.25M
$6.34M – $8.46M
NOI $507,583 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,555
Businesses Nearby
501k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Groceries 20%
Home Improvements & Furnishings 19%
Shops & Services 12%
Lowe's
Home Improvements & Furnishings
52,814 visits/mo
0.3 miles
Kroger
Groceries
50,679 visits/mo
0.3 miles
Publix
Groceries
49,024 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
42,196 visits/mo
0.1 miles
McDonald's
Dining
32,273 visits/mo
0.4 miles
Demographics for 30809, GA
51,813
Population
18,920
Households
2.7
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
44.2 sq mi
ZIP Area
1,172
Density / Sq Mi
$130,150
Median Household Income
$56,391
Median Earnings
$1,659
Median Rent
$346,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - New retail property in Evans, GA with long-term lease.
Where is this storefront property located?
The property is located at 4687 Washington Rd Evans, GA.
What is the asking price?
The asking price for this property is $8,640,000.
What are key features of this property?
This property features: 20‑year corporate‑guaranteed lease by Tractor Supply.; Located on Washington Road, a dominant commercial corridor.; New construction (2026) built to Tractor Supply's latest prototype featuring a masonry feed room and drive‑thru pickup.**
