For Sale
$3,928,000

103 Mall Blvd Savannah, GA 31406

High-yield Banfield Pet Hospital net lease.

Overview

Added:
Dec 11, 2024
Days on market:
138
Exceptional investment opportunity: a 5,144 square foot Banfield Pet Hospital in Savannah, Georgia, presents a compelling net lease investment. This single-tenant property, built in 2024, boasts a strong 10.3-year lease remaining (expiring February 28, 2035), featuring a corporate guarantee from Medical Management International, Inc. The property enjoys a 5.50% cap rate and a substantial net operating income (NOI) of $216,048. Situated on a 0.76-acre lot with 46 parking spaces, the building is part of a thriving retail corridor, benefiting from high visibility at a signalized intersection with 50,900 vehicles per day. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The property's prime location within Oglethorpe Mall, a 989,655 square foot retail center, provides access to a dense population of 60,484 residents within a 3-mile radius and proximity to major employers, including Candler Hospital and Savannah State University. Nearby amenities include a wide array of popular restaurants and retailers, further enhancing the property's value and appeal. This is a rare opportunity to acquire a high-quality, net-leased medical office property in a rapidly growing market with limited inventory. The property's strong tenant, long lease term, and attractive financial metrics make it an ideal addition to any investment portfolio.

Highlights

  • 2024-built, 5,144 SF Banfield Pet Hospital on a 0.76-acre lot with 46 parking spaces.
  • Strong corporate guarantee from Medical Management International, Inc.
  • 10.3-year lease remaining (expiring February 28, 2035), with 10% rent bumps every five years.
  • High-visibility location at a signalized intersection with 50,900 vehicles per day, within Oglethorpe Mall (989,655 SF).
  • 5.50% cap rate and $216,048 NOI.
  • Dense population of 60,484 residents within a 3-mile radius, near Candler Hospital and Savannah State University.

Property Details for 103 Mall Blvd

Property type
Retail properties, Office properties
Square Feet
5,144 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
33,106 SF
Units
1

Location Insight

City
Savannah
County
Chatham
State
Georgia
Latitude
32.0056566
Longitude
-81.1153036

FAQs

What type of property is this?
Retail property - High-yield Banfield Pet Hospital net lease.
Where is the retail property located?
The property is located at 103 Mall Blvd Savannah, GA.
What is the asking price?
The asking price for this property is $3,928,000.
What are key features of this property?
This property features: 2024-built, 5,144 SF Banfield Pet Hospital on a 0.76-acre lot with 46 parking spaces.; Strong corporate guarantee from Medical Management International, Inc.; 10.3-year lease remaining (expiring February 28, 2035), with 10% rent bumps every five years.
How can I contact the broker?
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103 Mall Blvd
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