Grocery and Convenience
For Sale
Contact for pricing
Pending
5380 Columbia Rd, Grovetown, GA 30813
For-sale retail property in Grovetown within the Augusta MSA’s highly affluent market profile.
Property Size9,100 SF
Days on Market148
Property Features for 5380 Columbia Rd
General Information
Standard status
Pending
Size
9,100 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Building Details
Year Built
2009
Tenancy
Single
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Brian Munn · License #GA 263081
Source:
Crexi
Added: Apr 13
Changed: Aug 8
Last Checked: Jul 24 at 6:03PM
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
This for-sale commercial property is identified as a grocery and convenience retail asset within the Augusta MSA. The listing includes a stated property size of 9,100 and provides market commentary in the public remarks.
The property address is 5380 Columbia Rd, Grovetown, GA 30813. According to the provided remarks, the area is characterized as a highly affluent market with an AHI over $138K, and the listing also references “conservative rent” and a “79th percentile” measure.
No additional building specifications, tenant information, or unit-level details were provided in the information received.
The property address is 5380 Columbia Rd, Grovetown, GA 30813. According to the provided remarks, the area is characterized as a highly affluent market with an AHI over $138K, and the listing also references “conservative rent” and a “79th percentile” measure.
No additional building specifications, tenant information, or unit-level details were provided in the information received.
Key Highlights
- Retail property built in 2009
- Located in the Augusta MSA within Grovetown
- Public remarks note an AHI over $138K for the market profile
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
$106,919
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
8.28%
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%
$2,138,380
$2.1M
Cap Rate 7%
$1,527,414
$1.5M
Cap Rate 9%
$1,187,989
$1.2M
Market Conditions
NOI Build-Up for 9,100 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
$150.7K $16.56/SF
− Vacancy
−$8.1K −$0.89/SF
EGI
$142.6K $15.67/SF
− OpEx
−$35.6K −$3.92/SF
NOI
$106.9K $11.75/SF
Area
Columbia County, GA
Vacancy
5.40%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
25.00%
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%
$2,138,380
Cap Rate 7%
$1,527,414
Cap Rate 9%
$1,187,989
Alternative Uses
Best Use
Specialty Retail
$1.53M
$1.34M – $1.78M
NOI $106,919 @ 7.0% cap · market cap 8.28%
Second Best
Retail
$1.45M
$1.27M – $1.69M
NOI $101,373 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $201,063 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30813, GA
49,376
Population
18,626
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
50.4 sq mi
ZIP Area
980
Density / Sq Mi
$83,890
Median Household Income
$49,871
Median Earnings
$1,404
Median Rent
$270,300
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?
Grocery and convenience store - For-sale retail property in Grovetown within the Augusta MSA’s highly affluent market profile.
Where is this grocery and convenience store located?
The property is located at 5380 Columbia Rd Grovetown, GA.
What is the asking price?
The asking price for this property is $1,290,857.
What are key features of this property?
This property features: Retail property built in 2009; Located in the Augusta MSA within Grovetown; Public remarks note an AHI over $138K for the market profile
