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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

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.
More about this property
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