SALE OFFERING KINGS BAY VILLAGE SHOPPING CENTER
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SALE OFFERINGKINGS BAY VILLAGE SHOPPING CENTER
PROPERTY OUTLINE KINGS BAY VILLAGE | 2603 OSBORNE RD. SAINT MARYS, GA. 31558
INVESTMENT SUMMARYOffering IntroductionAt 82% occupancy and in-place NOI of approximately $786,273, Kings Bay
Village (+/- 79,492) has both stability and upside potential. Bealls Outlet
opened in March 2019 increasing traffic to the center and beating store
expectations. Petsense executed a 10-year lease and began construction in
September 2019. In the KBV outparcel, Verizon Wireless opened its newly
constructed store in September 2019. Dollar tree is benefiting from the
increased traffic. The V.A. Outpatient Clinic is thriving in its new $1.4MM
location.
INVESTMENT SUMMARY KINGS BAY VILLAGE | 2603 OSBORNE RD. SAINT MARYS, GA. 31558
Investment Highlights
LEASING MOMENTUM: Recent deals include two national tenants
with 10-year terms
NATIONAL TENANTS: 59% of center is national, credit tenants
STABALIZED: Over 50% of center have 8+ years remaining
GRAND OPENINGS: Petsense executed 10-year lease, begun
construction September 2019 | Bealls Outlet executed 10-year lease,
opened March 2019 | Verizon Wireless opened September 2019
RECENT CAPITAL IMPROVEMENTS: New roofing over 60% of
building (+/- 52,000 SF), replacing all parking lights with high-
efficiency LEDs, and completely re-landscaping the entire center
RENOVATIONS: Over $1,400,000 in tenant improvements were
completed for the new Veteran’s Administration Outpatient Clinic
STRATEGICALLY POSTIONED: Located only a few miles from the
U.S. Naval Submarine Base Kings Bay in St. Marys, Georgia | 30
minutes north of Jacksonville International Airport
NATIONAL OUTPARCELS: Strong national tenants including a
Hardee's, Pizza Hut and Verizon Wireless increase traffic to the center
TOTAL GLA
+/- 79,492 SFOCCUPANCY
82%
CAP RATE
9.25%NOI
$786,273
NATIONAL TENANTS
PRICE
$8,500,000
LAND AREA
15.3 ACRES
ADDITIONAL PHOTOS KINGS BAY VILLAGE | 2603 OSBORNE RD. SAINT MARYS, GA. 31558
SITE PLAN KINGS BAY VILLAGE | 2603 OSBORNE RD. SAINT MARYS, GA. 31558
Unit Tenant Size (SF)
A Vacant 2,400
BDollar
Tree 8,450
CBealls
Outlet21,395
C-1Vacant
5,355
D-EDepartment of
Veteran Affairs10,763
F Vacant 1,400
GThai
Restaurant 3,150
H-1 New York Nails 1,500
H-2 VACANT 1,500
I Buy Gones 1,400
J Vacant 1,400
K-LMama’s
Beauty 1,800
M-N-O-P Wee Pub 3,865
QKings Bay Village
Management 900
R Vacant 1,200
S-T
Kings Bay
Cleaners &
Laundry Mat
2,400
U-V-W-XArnold’s Bedding
& More 4,000
Z Petsense 5,834
OUTPARCEL Verizon Wireless 3,600
SITE PLANKINGS BAY VILLAGE
THE RETAILERS SURROUNDING KINGS BAY VILLAGE
NEARBY RETAILERS KINGS BAY VILLAGE | 2603 OSBORNE RD. SAINT MARYS, GA. 31558
ST MARYS
MIDDLE
SCHOOL
DRIVE TIMES KINGS BAY VILLAGE | 2603 OSBORNE RD. SAINT MARYS, GA. 31558
DESTINATION DRIVE-TIME
SAINT MARYS NAVAL BASE 10 MINUTES
KINGSLAND, GA 14 MINUTES
FERNANDINA BEACH 44 MINUTES
JACKSONVILLE, FL 39 MINUTES
JACKSONVILLE BEACH, FL 56 MINUTES
DOWNTOWN JACKSONVILLE, FL 41 MINUTES
JAXPORT 41 MINUTES
JACKSONVILLE INTERNATIONAL AIRPORT 30 MINUTES
JACKSONVILLE NAVAL AIR STATION 53 MINUTES
INTERSTATE - 10 37 MINUTES
INTERSTATE - 295 31 MINUTES
INTERSTATE - 95 4 MINUTES
10 MINUTE DRIVE
20 MINUTE DRIVE
30 MINUTE DRIVE
* KINGS BAY VILLAGE IS ONLY A 10 MINUTE
DRIVE TO ENTER INTO FLORIDA.
DRIVE TIMES
NAVAL BASE KINGS BAY VILLAGE | 2603 OSBORNE RD. SAINT MARYS, GA. 31558
• Naval Submarine Base Kings Bay borders the cozy historic town of St. Marys, Georgia in the southeastern corner of
Coastal Georgia, just north of the Florida border.
• The base’s population is over 15,000, which includes navy personnel, their family members and civilians.
• Kings Bay Naval Base is known as the east coast home to Trident nuclear-powered submarines. Naval Submarine
Base Kings Bay is the state-of-the-art home to the Atlantic Fleet's Ballistic and Guided Missile Submarines.
• Major functions of the base include the maintenance, overhaul, modernization and repair of submarine fleet. The
weapons facility provides missiles and weapons system support to the ballistic missile submarine fleet. The
Emergency Management Office guides the units during emergency situations.
• As an integral part of our nation's strategic deterrence program, Kings Bay has attained and sustained award-
winning results unsurpassed in Navy Region Southeast or other submarine and shore commands in the U.S. Navy.
• Kings Bay also received the Occupational Health and Safety Administration's highest safety rating in the Voluntary
Protection Program and the Secretary of the Navy and Chief of Naval Operations Safety Ashore Award for the third
consecutive year.
• NSB Kings Bay' mission is to provide support to the Fleet, Fighter, and Family. Naval Submarine Base Kings Bay
has three major commands: Trident Training Facility (TTF), Trident Refit Facility (TRF), and Strategic Weapons
Facility, Atlantic (SWFLANT).
• Naval Submarine Base Kings Bay is located alongside the Intracoastal Waterway of south-east Georgia, 45-miles
north of Jacksonville, Florida. The base is spread over 6,475ha of land, of which 1,618ha is protected wetland. The
submarines enter the base through a long channel.
NAVAL BASEKINGS BAY
DEMOGRAPHICS KINGS BAY VILLAGE | 2603 OSBORNE RD. SAINT MARYS, GA. 31558
Camden County offers the perfect environment for
forward-looking industries. Whether you seek new sites
for aerospace, food processing and plastics
recycling/manufacturing, our county provides logistical
benefits, a well-educated and largely military-trained
workforce, low cost of living and enviable quality of life.
The benefits of the county are bolstered by our
business-friendly state. Georgia is consistently among
top states for business, was ranked as America’s Top
State for Business 2014 by CNBC and as the #1 State
for Business by Area Development in 2014. With so
many benefits, Camden County is poised for
exceptional growth and expansion, and now is the
opportune time to be a part of it.
POPULATIONIN CAMDEN COUNTY
1,200,605residents
633,694 jobs & is
projected to grow
$58.3Kaverage earning per job
CHARACTERISTICSIN CAMDEN COUNTY
266,798 MILLENNIALScompared to the national average
of 246,790
105,181 VETERANScompared to the national average
of 68,782
172,488 RETIRING SOONthere are 172,488 people 65+
2018 – 2023 1 MILE 3 MILES 5 MILES
POPULATION2,571 16,637 26,073
PROJECTED 2023
POPULATION2,621 16,986 26,890
2018-2023 POPULATION
CHANGE0.39% 0.42% 0.62%
HOUSEHOLDS696 5,988 9,053
DEMOGRAPHICS
Prime Realty is the premier commercial real estate brokerage firm in Jacksonville, FL. We
service our clients with office, industrial, multi-family and retail property needs.
Prime Realty is a full-service team servicing developers, owners, and investors throughout
Florida and Georgia. We create value for our clients through our superior process for selecting,
developing, managing and marketing commercial real estate.
Our goal is to achieve the greatest return on the real estate assets it services. What separates
Prime Realty from the average real estate firm is our proven system for success and
commitment to operational excellence.
At Prime Realty, our expertise is unparralled. We're comprised of distinguished leaders and
innovators from many sectors of the commercial real estate industry who continue to contribute
to the Northeast Florida real estate landscape.
Rob Whitmire
Senior Vice President
ABOUT
PRIME REALTY
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