229 General Screven Way Hinesville, GA 31313-3054
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.
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Citi Trends Clothing & Fashion Store
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Liberty Regional Medical Center: Human Resources (Personnel) Hospital
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Best Care Health Center Home Health Care Service
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Beauty & Beyond Beauty Supply (Bike/Boat/Book/etc) Store Cosmetic Store
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Styles by Monique Chante'l Hair Salon
This district is created and reserved for general business purposes. The regulations which apply within this district are designed to encourage the formation and continuance of a compatible and economically healthy environment for retail, business, financial service, and professional uses which benefit from being located in close proximity to each other; and…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Hinesville, GAThis district is created and reserved for general business purposes. The regulations which apply within this district are designed to encourage the formation and continuance of a compatible and economically healthy environment for retail, business, financial service, and professional uses which benefit from being located in close proximity to each other; and to discourage any encroachment by industrial, residential or other uses considered capable of adversely affecting the basic commercial character of the district.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.