Retail Income Property - NEW 5 year lease
2305 Lumpkin Road
Augusta, GA 30906
Description
New five year lease signed - Great 100% occupied income property. Plenty of upside for rent growth as third lease is paying well below market rate. Turn key investment with management in place. Directly across from old golf course that is being proposed for new residential/multifamily development. Unit B is paying substantially below market rents. Unit A and C have new leases signed at higher rates. Unit C has a new five year lease with a tire shop. Space was previously a U-Haul franchise.
Located near the intersection of Lumpkin Road and Richmond Hill Road, this retail center is just a short drive away from Fort Gordon and Augusta Technical College. It is minutes away from Bobby Jones Expressway and other large shopping centers and residential neighborhoods in the area. This site is in a very highly visible spot with close to 13,000 cars passing by daily.
