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Shopping Strip

Sprint Gas Station & Dollar Tree Anchored Strip Center | 2019 Build | Augusta MSA

590 Rutland Dr, Aiken, SC 29801

Listing Price: $7,153,000

Cap Rate
5.75%
Gross SF
21,267
Rentable SF
21,267
Price/Gross SF
$336.34
Lot Size
4.91 acres
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the retail & gas strip located in Aiken, South Carolina. Part of the greater Augusta MSA, the subject property was built in 2019 and is situated on a hard corner of 4.91 acres directly across from Aiken High School, near downtown Aiken. The center is near full occupancy with all existing tenants on NNN leases, providing for minimal landlord responsibilities. Aiken is a part of the greater Augusta, Georgia MSA which is the home of Augusta National Golf Club, where the Masters Tournament is played each year. The Augusta-Richmond County metro consists of seven counties: Burke, Columbia, Lincoln, McDuffie and Richmond counties in Georgia, and Aiken and Edgefield counties in South Carolina. There are roughly 617,000 residents in the market and the region is projected to add 32,000 people and 14,200 households over the next five years. The consolidated city-county of Augusta-Richmond contains approximately 203,000 citizens.

Investment Highlights

  • New 2019 Build Retail Strip with Gas Station Located in Augusta, Georgia MSA | Second Largest MSA in Georgia
  • Anchored by Sprint Food Stores (17 Years Remaining) and Dollar Tree (7 Years Remaining)
  • 94% Occupancy | All NNN Leases | Two Investment Grade Tenants, Dollar Tree and AT&T (S&P: BBB) | Other Tenants Include Blimpie, AT&T, Local Finance Aiken, & Wells Fargo ATM
  • Located Directly Across from Aiken High School (1,298 Students) | Situated on Hard Corner of Rutland Dr NW (26,000 VPD) & Edgefield Hwy (12,300 VPD)
  • Other National Retailers in Immediate Surrounding Area Including McDonald's, CVS, Popeyes, KJ's Market (IGA), Dollar General, & More

Exclusively Listed By

Shopping Strip

Sprint Gas Station & Dollar Tree Anchored Strip Center | 2019 Build | Augusta MSA

Listing Price: $7,153,000

Cap Rate
5.75%
Gross SF
21,267
Rentable SF
21,267
Price/Gross SF
$336.34
Lot Size
4.91 acres
Year Built
2019

Investment Highlights

  • New 2019 Build Retail Strip with Gas Station Located in Augusta, Georgia MSA | Second Largest MSA in Georgia
  • Anchored by Sprint Food Stores (17 Years Remaining) and Dollar Tree (7 Years Remaining)
  • 94% Occupancy | All NNN Leases | Two Investment Grade Tenants, Dollar Tree and AT&T (S&P: BBB) | Other Tenants Include Blimpie, AT&T, Local Finance Aiken, & Wells Fargo ATM
  • Located Directly Across from Aiken High School (1,298 Students) | Situated on Hard Corner of Rutland Dr NW (26,000 VPD) & Edgefield Hwy (12,300 VPD)
  • Other National Retailers in Immediate Surrounding Area Including McDonald's, CVS, Popeyes, KJ's Market (IGA), Dollar General, & More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the retail & gas strip located in Aiken, South Carolina. Part of the greater Augusta MSA, the subject property was built in 2019 and is situated on a hard corner of 4.91 acres directly across from Aiken High School, near downtown Aiken. The center is near full occupancy with all existing tenants on NNN leases, providing for minimal landlord responsibilities. Aiken is a part of the greater Augusta, Georgia MSA which is the home of Augusta National Golf Club, where the Masters Tournament is played each year. The Augusta-Richmond County metro consists of seven counties: Burke, Columbia, Lincoln, McDuffie and Richmond counties in Georgia, and Aiken and Edgefield counties in South Carolina. There are roughly 617,000 residents in the market and the region is projected to add 32,000 people and 14,200 households over the next five years. The consolidated city-county of Augusta-Richmond contains approximately 203,000 citizens.

Exclusively Listed By

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