4628 Ogeechee RdSavannah, GA 31405
- Retail properties
- 9,034 SF
Property Details for 4628 Ogeechee Rd
- Year built
- 2011
- Lot size
- 1.38 AC
- Property size (Sq ft)
- 9,034 SF
- Zone code
- PBC
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 2-0873 -01-018
- APU
- 2087301018
Description
This fee-simple retail property in Savannah, GA, offers a compelling investment opportunity. The 9,014 square foot Dollar General store, built in 2011, sits on a 1.25-acre lot at 4628 Ogeechee Rd, zip code 31405. The property is currently 100% occupied under a Net Lease (NN+) agreement with Dollar General, a credit-rated tenant with a corporate guarantee. The lease, commencing June 29, 2011, has a remaining term of approximately 1.6 years, followed by four 5-year options with 10% rent increases in each. The current annual Net Operating Income (NOI) is $112,985, resulting in an 8.30% cap rate and a price per square foot of $151.02. The asking price is $1,361,265. The property benefits from high traffic counts (over 29,500 vehicles daily) on Ogeechee Road (Highway 17), a strong demographic area with over 101,000 people within a five-mile radius, and proximity to numerous residential communities and national retailers including Badcock Home Furniture, Bojangles, Mavis Tires & Brakes, Dunkin', Taco Bell, Firehouse Subs, McDonald's, Sonic, and more. The property's location near Carrie E. Gould Elementary School further enhances its appeal. This is a well-positioned, high-performing asset with a strong tenant and significant upside potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,751,796
- 6.5%
- $2,540,120
- 7%
- $2,358,683
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,035,238
- Geo Method
- $1,548,294
-
Alternative Use
- Use
- Valuation
- Residential
- $2,142,686
- Hospitality
- $1,962,689
- Educational
- $1,632,934
- Medical
- $1,689,093
- Retail
- $2,540,120
Location Insight
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Latitude
- 32.0458
- Longitude
- -81.1778
- CBSA code
- 42340
- CBSA name
- SAVANNAH, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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