3128 Deans Brg Rd Augusta, GA 30906-3390

Property Details for 3128 Deans Brg Rd

Year built

1978

Lot size

5.17 lot acres

Property size

53,259 SF

Zone code

B-1

Property type

Commercial land

APN

096-0-033-00-0

APU

960033000

Description

This exceptional 55,907 square foot shopping center in Augusta, Georgia, presents a compelling investment opportunity. Boasting an 8.22% cap rate and a 97% occupancy rate, the property generates a strong net operating income (NOI) of $690,565. The center features a diverse mix of six tenants, anchored by Miller Motte College, a multi-unit college operator with campuses across multiple states. Miller Motte recently committed to a significant $4,500,000 build-out of their space, further enhancing the property's value. Built in 1986 and renovated in 2021, the property sits on a 5.17-acre lot at 3128 Deans Bridge Rd, Augusta, GA 30906 (APN: 960033000). The property benefits from a prime location along a major commercial corridor with over 25,000 vehicles passing daily, and proximity to I-520 (77,000 ADT), Fort Eisenhower, and a significant Walmart. Below-market rents and an internet-resistant tenant mix provide further upside potential. An outparcel offers additional development or re-tenanting opportunities. The Augusta MSA population within 5 miles is projected to grow nearly 7% by 2025, indicating strong future growth prospects. The asking price is $8,400,000, representing a price per square foot of $150.25. This investment offers a blend of stability and growth potential in a thriving market.