Publix / Walmart Shadowed Retail Center - Savannah, GA MSA
111 Jazie Drive, Savannah, GA
For Sale
Retail
Neighborhood Center
$6,400,438
Price
7.25%
Cap Rate
$464,032
NOI
Overview
Cap Rate
7.25%
NOI
$464,032
Building Size
23,100 sqft
Lot Area
2.5 acres
Occupancy
93%
Lease Type
Double Net
Year Built
2003
Tenancy
Multiple
Year Last Renovated
2005
Investment Strategy
Value Add
Description
The retail centers are strategically located in the Savannah, GA MSA market area, where its merchants enjoy superior visibility in the shadow of a Wal-Mart/ Publix anchored power center. Within the immediate area is a strong submarket with high occupancy levels that contains a mix of national and local retailers.
The retail centers offer an investor a stable investment opportunity due in part to their superior locations combined with the tremendous tenant mix and the underlying real estate intrinsic value.
Documents
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Whitemarsh_Center_Flyer.pdf
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