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Shopping Strip

Veterans Square

632 W Oglethorpe Hwy, Hinesville, GA 31313

Listing Price: $3,923,000

Cap Rate
6.15%
Gross SF
7,750
Rentable SF
7,750
Price/Gross SF
$506.19
Lot Size
1.46 acres
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to present for sale a 7,750 square foot retail strip located in Hinesville, Georgia. The subject property was constructed in 2018 and is fully occupied by three notable tenants, Krispy Kreme (Corporate), Mad Vapes, and McAlister’s Deli (80+ Unit Franchisee). The NNN leases offer favorable landlord terms with contractual rent increases and average weighted lease terms of over 7.5-years. The subject property is located on West Oglethorpe Highway (23,500 VPD) just north of Lowe’s Home Improvement and a strong performing Walmart Supercenter. The adjacent Walmart is ranked #3 out of 154 Supercenter locations in the state of Georgia for customer foot traffic with estimated 2.64M annual customer visits (Placer.ai). Additional major points of interest in the immediate area include Chick-fil-A, Kroger, Discount Tire, Dunkin’, Tractor Supply Co., PetSmart, TJ Maxx, Starbucks, and more. Liberty Regional Medical Center (133 Beds) is located less than one (1) mile from the subject property. US Army Base Fort Stewart is less than three (3) miles from the subject property.

Investment Highlights

  • Veterans Square | 7,750 Sq. Ft. | 2018 Construction
  • Three NNN Tenants | Corporate Krispy Kreme, Corporate MadVapes, & Strong 80+ Unit McAlister's Deli Franchisee
  • Average Weighted Lease Term of 7.5+ Years | Attractive Leases with Rent Increases
  • Corporate Krispy Kreme and Strong 80+ Unit McAlister's Deli Franchisee
  • 23,500 Vehicles Per Day | 50,000+ Five Mile Population | High Growth Market
  • Three (3) Miles from Fort Stewart (U.S. Army) | 10,000+ Soldiers and Family
  • Major Retailers: Lowe's Home Improvement, Walmart Supercenter, Chick-fil-A, Chipotle, Starbucks, Tractor Supply Co., Dick's Sports, TJ Maxx, PetSmart, Kroger, and More
  • City of Hinesville | County Seat of Liberty, Georgia | Savannah MSA

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $3,923,000

Cap Rate
6.15%
Gross SF
7,750
Rentable SF
7,750
Price/Gross SF
$506.19
Lot Size
1.46 acres
Year Built
2018

Investment Highlights

  • Veterans Square | 7,750 Sq. Ft. | 2018 Construction
  • Three NNN Tenants | Corporate Krispy Kreme, Corporate MadVapes, & Strong 80+ Unit McAlister's Deli Franchisee
  • Average Weighted Lease Term of 7.5+ Years | Attractive Leases with Rent Increases
  • Corporate Krispy Kreme and Strong 80+ Unit McAlister's Deli Franchisee
  • 23,500 Vehicles Per Day | 50,000+ Five Mile Population | High Growth Market
  • Three (3) Miles from Fort Stewart (U.S. Army) | 10,000+ Soldiers and Family
  • Major Retailers: Lowe's Home Improvement, Walmart Supercenter, Chick-fil-A, Chipotle, Starbucks, Tractor Supply Co., Dick's Sports, TJ Maxx, PetSmart, Kroger, and More
  • City of Hinesville | County Seat of Liberty, Georgia | Savannah MSA

Investment Overview

Marcus & Millichap is pleased to present for sale a 7,750 square foot retail strip located in Hinesville, Georgia. The subject property was constructed in 2018 and is fully occupied by three notable tenants, Krispy Kreme (Corporate), Mad Vapes, and McAlister’s Deli (80+ Unit Franchisee). The NNN leases offer favorable landlord terms with contractual rent increases and average weighted lease terms of over 7.5-years. The subject property is located on West Oglethorpe Highway (23,500 VPD) just north of Lowe’s Home Improvement and a strong performing Walmart Supercenter. The adjacent Walmart is ranked #3 out of 154 Supercenter locations in the state of Georgia for customer foot traffic with estimated 2.64M annual customer visits (Placer.ai). Additional major points of interest in the immediate area include Chick-fil-A, Kroger, Discount Tire, Dunkin’, Tractor Supply Co., PetSmart, TJ Maxx, Starbucks, and more. Liberty Regional Medical Center (133 Beds) is located less than one (1) mile from the subject property. US Army Base Fort Stewart is less than three (3) miles from the subject property.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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