For Sale
$3,150,000

4410 Ogeechee RdSavannah, GA 31405

High-Yield Retail Investment, Savannah, GA

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity: Ogeechee Plaza, a Class A, single-story, 7,260 square foot retail center in Savannah, Georgia. This stabilized, multi-tenant property boasts five tenants currently occupying 83.35% of the space, with a projected full occupancy date of June 21, 2024. Built in 2023, the center features six individual units, each 1,210 square feet, and benefits from a strong 7.19% cap rate and a Net Operating Income (NOI) of $226,395. The asking price is $3,150,000, translating to $433.88 per square foot. Located at 4410 Ogeechee Rd, Savannah, GA 31405, this property enjoys a prime location with 38 parking spaces and is zoned B-C. Leases are NNN with 3% annual rent bumps. The property's strategic positioning near multiple apartment complexes, a soon-to-open Cracker Barrel, and a new hotel promises continued growth and strong tenant demand. This is a rare opportunity to acquire a nearly fully occupied, newly constructed retail center in a thriving market. The property features a developer ownership structure. APN: 2087301022.

Highlights

  • Class A, 7,260 SF retail center in Savannah, GA, built in 2023.
  • Nearly fully occupied (83.35% occupancy), projected full occupancy by June 21, 2024.
  • Strong investment opportunity with a 7.19% cap rate and $226,395 NOI.
  • Six 1,210 SF units, located near new development including a Cracker Barrel and hotel.

Property Details for 4410 Ogeechee Rd

Property type
Lifestyle centers, Power centers
Square Feet
7,260 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Units
6

Location Insight

City
Savannah
County
Chatham
State
Georgia
Latitude
32.047116687716
Longitude
-81.170281785503
4410 Ogeechee Rd, Savannah, Georgia

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4410 Ogeechee Rd
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