4628 Ogeechee RdSavannah, GA 31405

  • Retail properties
  • 9,034 SF
For Sale
$1,361,265 View listing

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
4628 Ogeechee Rd, Savannah, Georgia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$144,280
$304,280
$448,560
-
$360,700
$760,700
$1,121,400

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