3874 Washington Road, Augusta, GA, 30907 - Available for Sale

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Rite Aid / O'Reilly Auto Parts NNN

3874 Washington Road, Augusta, GA 30907

Rite Aid / O\'Reilly Auto Parts NNN
  • $2,554,000
  • 10,594 SF
  • $241.08
  • Retail
  • Free Standing Bldg
  • Vehicle Related
    Retail (Other)
    Anchor
  • Net Lease Investment with 7 years left on lease
  • 7.66%
  • 100%
  • 1
  • Single
  • 1996
  • 1.11 AC
  • 078D032
  • Find Out More...
Last Verified  2/1/2012 Listing ID  16163541

Highlights

  • Already subleased to O'Reilly Auto Parts
  • Highest Traffic Counts in Augusta
  • Hard Signaled Corner of 2 busiest roads

Description

The quality of this property as a retail location in a high-end growing community is outstanding. When Rite Aid bought out Eckerd this store was subleased to O' Reilly Auto Parts who is also a very good quality tenant. Because the space was subleased very easily it speaks on just how great the quality of the site is.

Rite Aid Corporation is one of the nations leading drugstore chains with more than 5,000 stores in 31 states and the District of Columbia, with a strong presence on both the East and West coasts and approximately 116,000 associates. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. The company is publicly tradd on the New York Stock Exchange under the ticker RAD.

The nearby retail is very extensive and consist of several power centers to include a Wal-Mart, Home Depot, Lowes, and several other major retailers.

This investment offers the certainty of a great location, excellent traffic counts, great demographics with a growing and vibrant local economy. Augusta has grown significantly in the last 20 years, as has much of the surrounding areas. Despite economic downturn Augusta has remained strong due to their employment base found in Augusta's "4 M's"; Its Military Community, Fort Gordon, Its Manufacturing Base with many manufacturing companies and jobs, its Medical Community with School of Nursing, Dentistry and Medical College, as well as the enormous cash injection annually with the Masters Golf Tournament.

Financial Summary

  • Actual
  • 2009
  • $1,956,364
  • $195,636

Map of 3874 Washington Road, Augusta, GA 30907 (Columbia County)

Contact Listing Broker to find out more details.

Presented by

Sherman and Hemstreet Real Estate Company

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Damien Lanclos (706) 722-8334 Ext: 233
Joe Edge, CCIM (706) 722-8334 Ext: 202

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Created 3/24/2009

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Damien Lanclos
Damien Lanclos

Specializing in Commercial Property Leasing & Sales in the CSRA.

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Additional Information for 3874 Washington Road, Augusta, GA 30907