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    106 General Screven Way Hinesville, GA 31313

    For Sale
    $420,000

    High-yield, NNN-leased parking lot.

    Property size:
    11,325 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional investment opportunity presents a 11,325 square foot parking lot located at 106 General Screven Way, Hinesville, GA 31313 (APN: 056C133). The property sits on a 0.26-acre lot zoned C2-Commercial and is currently 100% occupied under a triple-net (NNN) lease with PBC Plasma, Inc., a subsidiary of Grifols Pharmaceuticals. The lease commenced January 1, 2020, and has a remaining term of approximately 4.3 years, with two 5-year renewal options. The current lease provides a stable annual net operating income (NOI) of $26,400, representing a 5.00% capitalization rate on the asking price of $420,000. The tenant, a major player in the blood plasma industry, provides a corporate guarantee, minimizing landlord responsibilities. This newly constructed facility offers a compelling investment with a long-term, inflation-protected income stream and significant potential for future redevelopment in a prime retail and medical corridor. The absolute NNN lease structure ensures all expenses are the tenant's responsibility, providing passive ownership and protection against future expense inflation. Annual rent escalations are built into the lease agreement. This is a recession-proof and internet-resistant investment, situated in a location with restrictive Certificate-of-Need regulations.

    Property Features for 106 General Screven Way

    General Information

    Property type
    Automotive properties
    Square Feet
    11,325 SF
    Lot Size
    11,326 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hinesville
    County
    Liberty
    State
    Georgia
    Longitude
    -81.5966835
    Latitude
    31.8397271

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    FAQs

    What type of property is this?
    Automotive property - High-yield, NNN-leased parking lot.
    Where is this automotive property located?
    The property is located at 106 General Screven Way Hinesville, GA.
    What is the asking price?
    The asking price for this property is $420,000.
    (912) 433-3645
    Request Owner's contact information
    106 General Screven Way Hinesville, GA 31313
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    Hinesville, GA 31313
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    106 General Screven Way Hinesville, GA 31313
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