Retail Business for Sale in Augusta, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Augusta, GA 30907

Description

LOCATION: * Dense retail location on highly trafficked Washington Road- near the intersection of Washington Road and Bobby Jones Expressway (65,000+ cars/day) * Main retail corridor of Augusta- near Walmart, Target, Home Depot, Best Buy, Lowe’s, ALDI, Academy Sports, Sam’s Club, Kohl’s, Hobby Lobby, and approximately 6 large auto dealerships * Approximately 1 mile off Interstate 20- ADT of over 78,000 cars/day * Dense, affluent area- over 141,000 residents within 5 miles with an average household income over $112,000 * The Augusta MSA has over 630,000 residents with a projected growth rate of approximately 3.0% over the next five years * The Augusta MSA is a center for medicine, biotechnology and cybersecurity activities with top employers including Medical College of Georgia, Manus Bio., Inc. and the Georgia Cyber Center * Fort Eisenhower is a major economic driver, housing more than 16,000 military personnel and nearly 13,500 civilian workers- the facility houses the U.S. Army Cyber Command * Augusta is home to Augusta National Golf Club which hosts the world-famous Masters Tournament which attracts more than 40,000 spectators and tourists to the region every year TENANT: * Corporate Guarantee from Rural Urgent Care, LLC, which under the brand Main Street/Kids Street Urgent Care operates approximately 70 locations across Alabama, Florida, Georgia, and North Carolina * Main Street Family Urgent Care is primarily owned by Trinity Hunt Partners who have been in business over 22 years and have over $2.2 billion assets under management * Trinity Hunt acquired Main Street in 2020 when it was just 16 locations and have grown the brand to over 70 locations in approximately 5 years LEASE TERMS: * In 2022, Main Street signed a 15-year NNN Lease with 10% increases every 5 years- over 11+ years remaining * Next rental increase of 10% occurs October 1, 2027 * This location was completely remodeled in 2022 for Main Street, including a new roof Investment Highlights: • Dense re

Market Context

This retail in Augusta, GA is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 67 days. Compare it against other retail listings for sale in Augusta, GA — <a href="/search/sale/retail/georgia/augusta">view the full market</a>.

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