Advantages Of Buying Properties Through AGI

Turnkey Self-Storage Investment in High-Growth Georgia Market

Presenting Richmond Hill Lock N Store, a stabilized, income-producing self-storage facility located at 400 Longwood Drive, Richmond Hill, GA 31324, now offered at $2,900,000. This Class B asset was constructed in 1996 and spans a single-story layout across nine well-maintained buildings. It features a total area of 27,400 square feet, with 27,200 rentable square feet divided among 199 storage units. The property occupies 1.57 acres and is fully zoned for commercial use under CITY jurisdiction. Ownership is fee simple, with no ground lease encumbrance.

Strong Performance with Value-Add Potential

With a current occupancy rate of 89%, the facility generates a stable income stream, reporting an actual NOI of $210,527 and a pro-forma NOI of $203,814, at a cap rate of 7.26%. Priced at $105.84 per square foot, the property is ideal for investors seeking solid in-place returns with immediate upside potential. There is currently $3,177 in monthly rate variance, with 109 tenants overdue for rent increases and only 23 tenants enrolled in tenant insurance — opening the door for revenue enhancement through better rate management and expanded insurance offerings.

Prime Location in Rapidly Growing Richmond Hill

Strategically located just 20 minutes from downtown Savannah and only 18 miles from Fort Stewart, Richmond Hill is one of Georgia’s fastest-growing residential and commercial hubs. The population has more than tripled since 1990, reaching 17,408 residents in 2023, with projections for 18,459 by 2025. This rapid growth is driven by strong local schools, family-friendly communities, access to the coast and waterways, and proximity to major employers. The area’s demographic and economic trends make it ideal for long-term self-storage demand and sustained occupancy.

A Proven Asset with Room for Growth

Richmond Hill Lock N Store is not just a stabilized asset — it’s a platform for performance improvement. With a loyal tenant base, clear rent growth opportunity, and underutilized insurance programs, this property offers a rare combination of security and scalability. It’s an exceptional opportunity for investors looking to enter or expand in the high-growth Southeast self-storage market with a well-positioned, high-occupancy facility that’s ready to deliver immediate and long-term returns.