4628 Ogeechee RdSavannah, GA 31405

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 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.

• 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

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