AT&T | Tropical Smoothie | Tasty's

AT&T | Tropical Smoothie | Tasty's

1601 Highway 40 E
Kingsland, GA

Price: $2,070,000
Cap: 6.75%
NOI: $139,437
Building Size: 6,000
Lot Size: 1.12

Investment Highlights

BRAND NEW PUBLIX OUTPARCEL STRIP CENTER
• New construction Class-A three tenant strip center leased to national brands (AT&T, Tasty’s, and Tropical Smoothie Café).
• Located as an outparcel to a Publix Anchored Shopping Center in the Coastal Town of Kingsland, GA.
• Replaceable Rents | Average Rent in Center is $24.43 SF.
• All Tenants will be Open and Operating by September 2019.
• Class A Construction features an attractive Façade with brick accents.

LONG TERM LEASES WITH INCREASES
• TROPICAL SMOOTHIE CAFÉ – Ten (10) year lease with an 8% Increase in Year 6.
• TROPICAL SMOOTHIE CAFÉ – One (1) option period of Five (5) Years beginning with a 12% increase.
• TASTY’S - Ten (10) year lease with an 8% Increase in Year 6.
• TASTY’S – Two (2) option periods of Five (5) Years beginning with a 12% increase and 10% Increase, respectively.
• AT&T – Five (5) Year lease with Two (2) Option Periods of Five (5) years with rental increases.

STRATEGIC LOCATION | HEART OF RETAIL CORRIDOR
• This Publix Outparcel is positioned in the Heart of the Main Retail Corridor of Kingsland (22,000 VPD).
• Over 1M SF of Surrounding Retail in a 2 Mile radius | Surrounding Retailers include: Publix, Walmart, Lowe’s, Winn Dixie, etc.
• The Subject boasts strong real estate fundamentals with Great Visibility and Multiple Points of Ingress/Egress and is not Median Bound.
• Located 5 miles from Naval Submarine Kings Bay Base with over 15,000 Navy Personnel, Family Members, and Civilians.

COASTAL GEORGIA | JACKSONVILLE-PALATKAST. MARYS, FL-GA CSA
• Kingsland, Georgia is located in the far southeast corner of the Georgia coast off of Interstate 95, just three miles from the Florida-Georgia line.
• Its close proximity to Jacksonville, Florida, just 30 miles north, makes Kingsland an ideal place to visit, live or work with its small town appeal within minutes of the advantages of the large metropolitan city.
• Attractions in Kingsland include Cumberland Island national seashore with white sand beaches and the 430,000 acre Okefenokee National Wildlife Refuge which is home to hundreds of species of birds and wildlife.

Zach Taylor
OFFERING MEMORANDUM

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