Towne Park East - Medical Office Investment

800 - 814 Towne Park East Drive Rincon, GA 31326

800 - 814 Towne Park East Drive, Rincon, GA, 31326
Building 800
800 - 814 Towne Park East Drive, Rincon, GA, 31326
Property Type:
Last Verified:
Feb 26, 2021


  • 2021 NOI: $419,180.82
  • Capitalization Rate: 8.39%
  • 97.75% Occupancy
  • 64% Medical Tenant Occupancy
  • $112.34 PSF (Far Below Replacement Cost)
  • Upside Potential: Below Market Rents & 2.25% Vacancy
  • Signalized Intersection Access (Hwy. 21 / Towne Park East Drive)


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 2021 net operating income (NOI), the property is being offered at a 8.39% cap rate, which equates to $419,180.82.

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 has 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.

Building Size: 44463sq ft
Building Class: B
Lot Size: 4.96 acres

Map of 800 - 814 Towne Park East Drive, Rincon, GA, 31326

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.