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5926-5946 Ga-21 Hwy
Rincon, GA 31326
Magnolia Place · Retail Property For Sale
Executive Summary
Multi-tenant strip center with frontage, visibility, signage, and access along Highway 21 in Rincon, GA with appx. 38,000 vehicles passing daily. Built in 2000, this center is divided into 12 units but is currently configured as 5 with 4 tenants occupying multiple bays and one vacancy. Rents are below market and offer opportunity to investor to mark to market and add value, or use to occupy a portion of the building. Rent roll and expenses to be provided on request.
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,040 SF
Building Class
B
Year Built
2000
Price
$1,600,000
Price Per SF
$144.93
Cap Rate
8.97%
NOI
$143,520
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.26 AC
Zoning
B-2
Parking
60 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 0465M-00000-007-000 | Improvements Assessment | $337,142 |
| Land Assessment | $194,787 | Total Assessment | $531,929 |
Property Taxes
Parcel Number
0465M-00000-007-000
Land Assessment
$194,787
Improvements Assessment
$337,142
Total Assessment
$531,929
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