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214 Central St 7,332 SF Retail Building Baxley, GA 31513 $553,846 ($75.54/SF) 6.50% Cap Rate
Investment Highlights
- 6-Years Remaining on a New 10 Year Lease
- Net Lease with Tenant responsible for all taxes, insurance and maintenance excluding roof and structure
- Easily Accessible Location in Georgia Suburb
- Beneficial Proximity to Baxley Municipal Airport (3,705 Annual Visitors, $2,708,400 Annual Economic Impact)
- Two (5) Year Options with Increases.
Executive Summary
6-Years Remaining on a New 10 Year Lease
• Anytime Fitness is the Fastest Growing Gym Franchise in the World
• Traffic Counts in Excess of 13,800 ADT
• Easy Access to U.S Highway 1/South Main Street (13,300) ADT
• Easily Accessible Location in Georgia Suburb
Anytime Fitness is located just off U.S. Highway 1/South Main Street with traffic counts of 13,800 VPD. Site has tremendous visibility with its central location and convenient access to U.S Highway 341 & Golden Isles Parkway (13,300 AADT), property is prime location for growth. Location is also less than one mile from Appling County High School, Primary School, and Elementary School (combined 2,280 students), driving foot traffic to the site and directly servicing a large student body
• Anytime Fitness is the Fastest Growing Gym Franchise in the World
• Traffic Counts in Excess of 13,800 ADT
• Easy Access to U.S Highway 1/South Main Street (13,300) ADT
• Easily Accessible Location in Georgia Suburb
Anytime Fitness is located just off U.S. Highway 1/South Main Street with traffic counts of 13,800 VPD. Site has tremendous visibility with its central location and convenient access to U.S Highway 341 & Golden Isles Parkway (13,300 AADT), property is prime location for growth. Location is also less than one mile from Appling County High School, Primary School, and Elementary School (combined 2,280 students), driving foot traffic to the site and directly servicing a large student body
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,332 SF
Building Class
C
Year Built
2000
Price
$553,846
Price Per SF
$75.54
Cap Rate
6.50%
NOI
$36,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.69 AC
Frontage
150’ on Central St
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | H002-029 | Improvements Assessment | $165,440 |
| Land Assessment | $77,280 | Total Assessment | $242,720 |
Property Taxes
Parcel Number
H002-029
Land Assessment
$77,280
Improvements Assessment
$165,440
Total Assessment
$242,720
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214 Central St