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Views: 148 DOM: 263 Updated: 11.11.24 Posted: 04.03.24 Status: Active

Summary

Price $3,600,000
Built/Renov 2008
Tenant Live Oak Construction Supply
Cap Rate 6.44%
Lease Type Double NN
Guarantor Corporate
Size/SF 16,550
Lease Start 01-05-2024
#Units 3
Price/SF $217.52
Expiration 02-28-2029
Tenant Type Industrial
NOI $231,750
R. Term 4.2
Ownership Fee Simple
Rent/SF $14.00
Increases 3.0%/1/yrs
Pop 5Mi 60,619
Lot/AC 2.49
Options 1/5yrs
AHHI 5Mi $84,455

Lease Highlights

  • Live Oak Construction Supply recently executed a brand new 5-year lease with 1 (5-year) option to extend
  • The lease features 3% annual increases with a fair market reset at the option period
  • NN Lease | Minimal landlord responsibilities 
  • Corporate guaranteed lease

Location Description

Live Oak Construction Supply is strategically located on Louisville Road, with access to 23,399 vehicles passing by daily. The property is positioned in a strong industrial park with well-known national tenants such as Ferguson, ABC Supply, United Rentals, White Cap, and Capital Electric (Sonepar), and more. Additionally, it is situated less than 15 minutes from the Savannah/Hilton Head...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Live Oak Construction Supply is a family business specializing in concrete supplies and tools, from diamond blades to trowel machines and anchoring systems to sealants. The company is dedicated to...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 37 15,948 65,820
2023 Total Population : 38 16,115 62,691
2023 Employed Civilian Pop : 17 7,319 28,765
2023 Total Businesses : 254 1,287 3,031
2023 Average Household Income : $ 92,721 $ 102,500 $ 103,543
2023 Total Consumer Spending : $ 0 M $ 540 M $ 2170 M
2023 Median Age : 37 38 36
2023 Total Households : 8 6,118 24,167
2023 Pop Age 25+: Bachelor's Degree : 6 1,921 9,467
2023 Average Home Value : $ 215,000 $ 272,144 $ 306,689
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Louisville Rd Hwy 80 2018 23,100 0.31 mi
Eli Whitney Boulevard Artley Rd 2019 460 0.62 mi
US 411 Triplett PkDr 2019 21,300 0.63 mi
I- 95 Pine Barren Rd 2019 87,400 1.05 mi
I- 95 Pine Barren Rd 2018 86,300 1.08 mi
Continental Blvd Galin Way 2019 5,660 1.10 mi
Pine Barren Road I- 95 2018 4,880 1.18 mi
Pine Barren Road I- 95 2019 4,980 1.18 mi
2019 5,520 1.20 mi
I- 95 Louisville Rd 2019 8,000 1.26 mi

Listing Broker

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