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707 N Belair Rd 25,200 SF Industrial Building Evans, GA 30809 $3,024,000 ($120/SF) 5.36% Cap Rate
INVESTMENT HIGHLIGHTS
- Tenant purchased by Lowe's Companies, Inc. in 2025
- Short Term WALT
- Below Market In Place Rents
EXECUTIVE SUMMARY
Industry Real Estate Partners are pleased to present the opportunity to acquire 707 N Belair Road, Evans, Georgia (“707 N Belair”
or the “Property”) for sale. This property is located in the heart of Evans, Georgia 10 miles from downtown Augusta. 707 N Belair has
great access to Washington Road, Evans to Locks Road, and 4.8 miles from I-20.
The property is 100% leased to Artisan Design Group, LLC (“ADG” or the “Tenant”), now owned by Lowe’s Companies, Inc., with two (2)
years of lease term remaining. This building currently has in place below market in place rents, an entrenched tenant, in place lease
escalations, and a phenomenal location, an investor will experience continued rent appreciation and NOI growth throughout the
tenant’s continued tenancy in the Property given the economic stability in Augusta.
707 N Belair offers qualified investors the opportunity to acquire a high-quality asset with a strong in place and appreciating yield
for the duration of the existing lease. Due to the Property’s location and functionality in a superb location, the Property offers any
investors a unique opportunity in today’s marketplace
or the “Property”) for sale. This property is located in the heart of Evans, Georgia 10 miles from downtown Augusta. 707 N Belair has
great access to Washington Road, Evans to Locks Road, and 4.8 miles from I-20.
The property is 100% leased to Artisan Design Group, LLC (“ADG” or the “Tenant”), now owned by Lowe’s Companies, Inc., with two (2)
years of lease term remaining. This building currently has in place below market in place rents, an entrenched tenant, in place lease
escalations, and a phenomenal location, an investor will experience continued rent appreciation and NOI growth throughout the
tenant’s continued tenancy in the Property given the economic stability in Augusta.
707 N Belair offers qualified investors the opportunity to acquire a high-quality asset with a strong in place and appreciating yield
for the duration of the existing lease. Due to the Property’s location and functionality in a superb location, the Property offers any
investors a unique opportunity in today’s marketplace
PROPERTY FACTS
| Price | $3,024,000 | Rentable Building Area | 25,200 SF |
| Price Per SF | $120 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1987 |
| Cap Rate | 5.36% | Tenancy | Single |
| Sale Condition | 1031 Exchange | Parking Ratio | 1.12/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 18’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 4 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 3.00 AC | ||
| Zoning | M-1 - Warehouse | ||
| Price | $3,024,000 |
| Price Per SF | $120 |
| Sale Type | Investment NNN |
| Cap Rate | 5.36% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.00 AC |
| Rentable Building Area | 25,200 SF |
| No. Stories | 1 |
| Year Built | 1987 |
| Tenancy | Single |
| Parking Ratio | 1.12/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M-1 - Warehouse |
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 072-215 | Improvements Assessment | $429,632 |
| Land Assessment | $139,874 | Total Assessment | $569,506 |
PROPERTY TAXES
Parcel Number
072-215
Land Assessment
$139,874
Improvements Assessment
$429,632
Total Assessment
$569,506
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707 N Belair Rd
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