For Sale
$4,721,250

9701 Ford AveRichmond Hill, GA 31324

Georgia Retail Investment: 8.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 45,608-square-foot shopping center in Richmond Hill, Georgia, presents a compelling investment opportunity. Boasting a prime location at 9701 Ford Ave, 31324, this single-story, 1999-built Class B property features three national tenants, ensuring 100% occupancy and a strong NOI of $401,307. The property sits on a 12.83-acre lot with ample parking (347 spaces) and benefits from a C2 Commercial zoning designation. The asking price is $4,721,250, representing a compelling $103.52 per square foot and an attractive 8.50% capitalization rate. Situated in Bryan County, within the rapidly growing Savannah MSA, this center enjoys high visibility and traffic counts exceeding 39,000 vehicles per day. Its strategic location near Savannah's bustling port, a major economic driver, further enhances its long-term investment potential. The property's strong fundamentals, coupled with its well-below-replacement-cost pricing and low in-place rents, make it an ideal addition to any portfolio. This is a rare opportunity to acquire a stable, high-performing retail asset in one of Georgia's fastest-growing markets. The property's APN is 053-004-01.

Highlights

  • $4,721,250 asking price for a 45,608 SF shopping center in Richmond Hill, GA.
  • 8.5% cap rate with a $401,307 NOI.
  • 100% occupancy with three national tenants.
  • Located in a high-growth area of Bryan County, GA, near Savannah's port.
  • Priced below replacement cost with low in-place rents.

Property Details for 9701 Ford Ave

Property type
Lifestyle centers, Power centers
Square Feet
45,608 SF
Class
B
Year Built
1999
Buildings
1
Stories
1
Lot Size (sq. ft)
558,875 SF
Units
3

Location Insight

City
Richmond Hill
County
Bryan
State
Georgia
Latitude
31.9534248
Longitude
-81.31295
9701 Ford Ave, Richmond Hill, Georgia

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9701 Ford Ave
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