2603 Osborne Road

St. Marys, GA 31558

Listing ID: 143836
$8,200,000
For Sale
  • Lot Size Acres 15.300
  • Building Sq Ft 79,493
  • Land Sq Ft 666,468
  • Land Price per Sq Ft $12.30
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Description

Overview
Prime Realty, as exclusive broker, is pleased to offer Kings Bay Village – a 79,493 +/- square foot neighborhood center anchored by Bealls Outlet, Dollar Tree, Petsense and the new Veteran’s Administration’s Outpatient Clinic – located in St. Marys, Georgia. Strategically positioned along Hwy 20 in St. Marys main retail corridor, Kings Bay Village is surrounded by national retailers including Belk, Winn-Dixie, Advanced Auto Parts, Arby’s, Taco Bell, O’Reilly Auto Parts, Burger King, Wendy’s, Pizza Hut, and Hardee's. Located in the former Wal-mart adjacent to Kings Bay Village, one of the area’s largest employers, Express Scripts, operates it’s 24-7 call center operation which effectively provides a steady flow of customers to the center.
Highlights
Having outgrown their space across the street, Bealls Outlet recently executed a 10-year lease in Kings Bay Village to backfill 21,000 SF previously occupied by Goody's. Renovations will be underway beginning of 2019 with a planned move-in date of April 2019. Bealls Outlet has been in the area for over 17 years.
Recent capital improvements include new roof over Bealls Outlet and the Veterans Administration Outpatient Clinic (+/- 38,000 SF), replacing all parking lights with high-efficiency LEDs, and completely re-landscaped the entire center.
Over $1,400,000 in renovations were completed to bring the new Veterans Administration Outpatient Clinic to Kings Bay Village. Now providing medical care, counseling and lab services under one roof, the VA and its service members have benefited greatly from the center's ease of access and central location.
58% credit tenants including Bealls Outlet (new 10 yr lease), V.A. Outpatient Clinic (new $1.4MM space), Cato/It's Fashion & Dollar Tree.
Outparcels including a Hardee's, Pizza Hut and a Verizon Wireless (under development) increase traffic to the neighborhood center.
Free-standing Verizon outparcel under development will deliver summer of 2019. The multi-location franchisee executed a 10-year, NNN lease. This asset is being marketed for sale separately.
Brokers
Rob Whitmire
Senior Vice President
rwhitmire@primerealtyinc.com
T: 904.515.2556
Mario Butler
Associate Director
mbutler@primerealtyinc.com
T: 904.903.4562
Location & Directions
Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile Radius 3-Mile Radius 5-Mile Radius
Total Population2,82814,81925,729
Population Median Age363635
Population by Age0-9 Yrs39421473904
10-19 Yrs37418053133
20-29 Yrs54230175155
30-39 Yrs26515603111
40-49 Yrs34818473113
50-59 Yrs40019763142
60-69 Yrs26212862175
70+ Yrs24411821995
Median HH Income$46,716$57,335$62,931
Total Household Income< 24K28111131563
25-49K34114562285
50-74K16110141673
75-99K1529201606
100-199K19310791972
200K+32168324
Highest Education LevelNo Diploma81474940
Diploma or GED56327204480
Some College49126434574
Assoc. Degree1557771349
Bachelors Degree30216212901
Higher Degree1699211502
Total Housing Units1,3376,45110,509
--Owner-Occupied6243,1785,600
--Renter-Occupied5362,5723,824
Owner-Occupied Values< 100K126616958
100-199K29114192450
200-299K1086301263
300-399K50279489
400-499K1284198
500K+37151242
Total Working Age Population2,21911,65620,037
In Work Force1,3337,41012,978
Not In Work Force8854,2467,060
Workforce Employed1,0385,6789,983
Workforce Unemployed124544744
Civlian Workforce1,1616,22110,727
Military Workforce1721,1892,250
Total Households1,1615,7509,424
Family Households7993,8836,756
Non-Family Households3611,8672,668
Married Couple5452,9395,174
Other Family2549441,582
Married w/Child2301,2902,386
Single Male w/Child2067192
Single Female w/Child158555819

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Nassau County57,663+2773,314+1886,416+18102,124
Georgia8,186,453+189,687,653+1010,694,980+911,709,700
Camden County43,664+1650,513+653,498+254,608

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Agent
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