Current Use by Public Records
- Warehouses
Property Details for 780 Innovation Pkwy
- Year built
- 2023
- Lot size
- 11.68 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a fee-simple interest in a 105,391-square-foot industrial warehouse, ideally situated in Appling, Georgia, within the Augusta MSA. The property is 100% occupied by Club Car, LLC, under a corporate-guaranteed, Net Lease (NNN) agreement with a remaining lease term of seven years, plus four five-year renewal options. Annual rent increases of 4% are built into the lease, providing consistent NOI growth and inflation protection. The building, constructed in 2023, sits on an 11.68-acre lot and benefits from a prime location on Innovation Parkway, adjacent to Interstate 20, a major thoroughfare with an average daily traffic count of 43,400 vehicles. This strategic location within the White Oak Business Park, alongside other prominent tenants like Amazon, ensures excellent visibility and accessibility. The property's proximity to Atlanta (less than two hours) further enhances its logistical advantages, connecting Club Car to national markets. The surrounding area boasts strong demographics, with a 5-mile trade area population exceeding 10,100 and an average household income of $116,884. The property's permitted zoning is Industrial, and the asking price is $13,750,000, representing a 6.18% cap rate and a current NOI of $849,451. This low-management investment offers significant long-term value and passive income potential. The property is zoned for industrial use.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Appling
- County
- Columbia
- State
- Georgia
- Longitude
- -82.3303
- Latitude
- 33.5034
