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DOM: 318 Updated: 02.28.25 Posted: 02.06.24 Status: Sold 12.20.24

Summary

Price $13,483,000 $13,750,000
Built/Renov 2023
Tenant Club Car
Cap Rate 6.30% 6.18%
Lease Type Double NN
Guarantor Corp Rated
Size/SF 508,781
Lease Start 10-01-2023
#Units 350
Price/SF $26.50 $27.03
Expiration 11-30-2030
Tenant Type Industrial
NOI $849,451
R. Term 5.6
Ownership Fee Simple
Rent/SF $1.67
Increases 4.0%/1/yrs
Pop 5Mi 10,104
Lot/AC 11.68
Options 2/5yrs/4%
AHHI 5Mi $116,884

Lease Highlights

  • Brand-new 2023 construction
  • Club Car recently executed a brand-new 7-year lease with 2 (5-year) options to extend
  • The lease features 4% annual rental increases throughout the initial term and each option period
  • Corporate signed by Club Car, LLC

Location Description

Club Car is strategically located on Innovation Parkway, adjacent to Interstate 20, a major commuter thoroughfare with access to 43,400 vehicles passing by daily. This property is part of the White Oak Business Park, which features Amazon as another prominent tenant. The site's location offers easy interstate access, facilitating commerce connections not only within Georgia but also across the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Club Car
  • Guarantor:Corp Rated
  • Company:Platinum Equity
  • # Units:350
  • Tenant S&P: B
  • Stock:Private

About Tenant

Club Car is an American company that manufactures electric and gas-powered golf carts and small utility vehicles for personal and commercial use. Recognized as one of America’s Safest Companies,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 0 3,129 11,146
2023 Total Population : 0 2,843 10,104
2023 Employed Civilian Pop : 0 1,513 4,694
2023 Total Businesses : 0 39 118
2023 Average Household Income : $ 0 $ 123,246 $ 116,884
2023 Total Consumer Spending : $ 0 M $ 99 M $ 357 M
2023 Median Age : 0 44 43
2023 Total Households : 0 919 3,491
2023 Pop Age 25+: Bachelor's Degree : 0 340 1,108
2023 Average Home Value : $ 0 $ 338,165 $ 318,082
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Appling Harlem Hwy I- 20 2019 1,090 0.84 mi
Gavin Rd 2019 3,440 1.06 mi
Appling Harlem Hwy 2021 3,460 1.06 mi
Ray Owens Rd 2021 4,030 1.06 mi
Appling Harlem Road Lonergan Hulme Rd 2021 8,400 1.19 mi
Appling Harlem Road Wrightsboro Rd 2021 9,440 1.53 mi
Wrightsboro Road Ray Owens Rd 2021 3,530 1.65 mi
I 20 Ray Owens Rd 2021 39,600 1.75 mi
Wrightsboro Rd Clary Cut Rd 2018 2,900 1.86 mi
Appling-Harlem Rd Ray Owens Rd 2008 4,430 2.07 mi

Listing Broker

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