103 Mall BlvdSavannah, GA 31406

Property Details for 103 Mall Blvd

Year built

2024

Lot size

0.76 AC

Property size (Sq ft)

5,144 SF

Property type

Healthcare properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Savannah

County

Chatham

State

Georgia

Latitude

32.0057

Longitude

-81.1153

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