• 800 - 814 Towne Park East Drive, Rincon, GA 31326

For Sale

Office

For Sale

This property is available for sale
4.96
Acres
$5,300,000
Sale Price
  • Total Building Size
    44,463 RSF
  • Overview

    Rincon is located within the Savannah MSA in Effingham County and is approximately 5 miles from I-95 at Exit 109 with a strong spending population of 62,000+ residents and an average household income in excess of $78,000 within (1) mile of the property. Rincon's tremendous population growth of 57.6% in the last decade, and the county's impressive growth of 30%, has caught the attention of many national retailers such as Lowe's, Kroger, Wal-Mart, Planet Fitness, Tractor Supply, Walgreen's and Chick-Fil-A. GA Highway 21 is the main thoroughfare in and out of the county. The traffic count is approximately 31,400 vehicles per day. Towne Park East is a ±44,463 square foot Medical Office Investment offering 1st floor office space at the signalized intersection of Highway 21 and Towne Park East Drive. The asset is 97.75% leased at below-market rents, which provides tremendous upside potential to an investor. Based on 2022 net operating income (NOI), the property is being offered at an 8.14% cap rate, which equates to $431,362.14.

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Property Details

Towne Park East - Medical Investment Offering

Rincon is located within the Savannah MSA in Effingham County and is approximately 5 miles from I-95 at Exit 109 with a strong spending population of 62,000+ residents and an average household income in excess of $78,000 within (1) mile of the property. Rincon's tremendous population growth of 57.6% in the last decade, and the county's impressive growth of 30%, has caught the attention of many national retailers such as Lowe's, Kroger, Wal-Mart, Planet Fitness, Tractor Supply, Walgreen's and Chick-Fil-A. GA Highway 21 is the main thoroughfare in and out of the county. The traffic count is approximately 31,400 vehicles per day. Towne Park East is a ±44,463 square foot Medical Office Investment offering 1st floor office space at the signalized intersection of Highway 21 and Towne Park East Drive. The asset is 97.75% leased at below-market rents, which provides tremendous upside potential to an investor. Based on 2022 net operating income (NOI), the property is being offered at an 8.14% cap rate, which equates to $431,362.14.

  • Property Type
    Office
  • Sale Price
    $5,300,000
  • Total Building Size
    44,463RSF
  • Total Acres
    4.96
  • Building Class
    B
  • Sale Status
    Available
  • Last updated
    May 25, 2021
  • Property ID
    2121466

Landlord's Sales Representative

  • Adam Bryant, CCIM, SIOR
    Sperry Van Ness