Income Producing Industrial Land
510 National Ave
Augusta, GA 30901
Description
This offering provides a unique opportunity for small investors to purchase an income property with no landlord responsibilities. 510 National Avenue has been leased to the same company for almost 20 years. The term of the current sixth lease extension expires March 31, 2026. Tenant has used the site for storage since 2007 and has given no indication of its intentions to not renew further. Landlord pays for property taxes only. Tenant pays all other costs related to the site.
Gross income is $6,108 per year and the property taxes are $324 per year. Net income for the remainder of the current lease term is $5,784 annually.
Site is located in the J&B Industrial Park just off of Gordon Highway. The industrial park is situated between downtown Augusta and Doug Barnard Parkway. This lot is specifically located on National Avenue near Chapin & Sons Demolition and Baker Distributing.
