229 General Screven Way Hinesville, GA 31313-3054

Property Details for 229 General Screven Way

Year built

1988

Lot size

15.59 lot acres

Property size

133,379 SF

Zone code

C2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

056C 147

APU

056C147

Description

Hinesville Square, a 164,486 square foot shopping center in Hinesville, Georgia, presents a compelling investment opportunity. This two-building, multi-tenant property boasts 24 tenants, including national brands like Dollar Tree, Hibbett Sports, and UPS Store, along with a diverse mix of local businesses. Built in 1986 and renovated in 2005, the center enjoys a 98.2% occupancy rate and a strong NOI of $896,521, representing an 8.75% cap rate at an asking price of $10,250,000 ($62.32/sq ft). The property sits on 15.59 acres with 740 parking spaces and is strategically located at the intersection of W General Screven Way and Elma G Miles Pkwy, benefiting from high traffic volume (over 43,000 vehicles per day). Its proximity to Fort Stewart, the largest Army installation east of the Mississippi, and the expanding Savannah MSA, adds to its appeal. The center is also less than 0.5 miles from Olgethorpe Hwy and within 1.5 miles of major retailers like Walmart and Lowe's. Current leases vary, offering a new owner the potential to increase NOI through market rent adjustments. The C-2 zoning allows for flexibility. This property offers a blend of established tenants, strong demographics, and significant upside potential.