4628 Ogeeche Rd
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4628 Ogeeche Rd
9,014 SF Retail Building Savannah, GA 31405 $1,361,265 ($151/SF) 8.30% Cap Rate
Investment Highlights
- Double Net Lease with Minimal Landlord Responsibilities
- Upgraded Brick Construction
- Strong Demographics | Over 101,000 People in Five Miles
- Corporate Guarantee with Investment Grade Credit Tenant
- High Traffic Counts | 29,500 Vehicles Per Day
- Strategically Positioned Near Many Housing Communities
Executive Summary
CBRE, on behalf of ownership, is pleased to exclusively offer the fee simple interest in a Dollar General located in Savannah, GA. The 9,014 square foot property sits on 1.25 acres. The property is subject to a double net lease with over two years of firm term remaining. The lease is corporately guaranteed by Dollar General which boasts an investment grade credit rating of ‘BBB’ by Standard & Poors. There are 10% rent increases in each of the four five-year options.
The subject property benefits from over 29,500 vehicles per day along Ogeechee Rd which is also known as Highway 17. Retailers nearby include Badcock Home Furniture, Bojangles, Mavis Tires & Breaks, Dunkin’, Taco Bell, Firehouse Subs, McDonald’s, Sonic and more. The property is strategically positioned in a dense residential area. There are numerous housing communities surrounding the property including Biltmore RV Park, Azalea Mobile Home Plaza, Crosby Mobile Estates Park, Plantation Mobile Home Estates and more. Additional traffic drivers include Carrie E. Gould Elementary School which has over 770 students. The area is densely populated with over 101,000 people in five miles.
The subject property benefits from over 29,500 vehicles per day along Ogeechee Rd which is also known as Highway 17. Retailers nearby include Badcock Home Furniture, Bojangles, Mavis Tires & Breaks, Dunkin’, Taco Bell, Firehouse Subs, McDonald’s, Sonic and more. The property is strategically positioned in a dense residential area. There are numerous housing communities surrounding the property including Biltmore RV Park, Azalea Mobile Home Plaza, Crosby Mobile Estates Park, Plantation Mobile Home Estates and more. Additional traffic drivers include Carrie E. Gould Elementary School which has over 770 students. The area is densely populated with over 101,000 people in five miles.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2011
Price
$1,361,265
Price Per SF
$151
Cap Rate
8.30%
NOI
$112,985
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.01 AC
Zoning
RA
Parking
40 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
96 FT on Us-17 Hwy
Amenities
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 2087301018 | Improvements Assessment | $304,280 |
| Land Assessment | $144,280 | Total Assessment | $448,560 |
PROPERTY TAXES
Parcel Number
2087301018
Land Assessment
$144,280
Improvements Assessment
$304,280
Total Assessment
$448,560
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4628 Ogeeche Rd
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