300 Tanger Outlets BlvdPooler, GA 31322

Property Details for 300 Tanger Outlets Blvd

Year built

2018

Lot size

9.07 AC

Property size (Sq ft)

92,188 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 92,188 square foot At Home storefront, situated on a 9.07-acre lot within the Tanger Outlets Savannah in Pooler, Georgia. Built in 2018, this single-story building boasts 100% occupancy with a corporate-guaranteed, absolute NNN lease extending until March 30, 2037 (12.4 years remaining). The property features 360 parking spaces and benefits from a 9.25% cap rate and a strong NOI of $1,617,009. The lease includes annual rent bumps of 2%. Located in a thriving retail corridor with over 2.2 million square feet of retail space within a one-mile radius, this property enjoys proximity to major retailers such as Walmart, Home Depot, and Publix, as well as significant population growth (64.43% increase from 2010-2023) and high average household income ($114,691 within a 5-mile radius). The asking price is $17,481,000, translating to $189.62 per square foot. Lease options include 4 and 5-year terms. This is a prime opportunity to acquire a stable, high-performing retail asset in a rapidly growing market. The property is zoned commercial and offers significant upside potential.

Location Insight

City

Pooler

County

Chatham

State

Georgia

Latitude

32.1307

Longitude

-81.2469

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