Retail•Strip Center•For Sale

Highland Park Retail Center

492 Jimmy Deloach Parkway, Savannah, Georgia 31407

Sale Price $4,300,000
Zoning PUD-C
Bldg Type Multi-Tenant
Year Built 2018
Stories 1
Cap Rate 7.15%
Vacancy 100%
Gross Bldg 12,060 SqFt
Land Area 1.63 Acres
Net Op Inc $307,264.16
Market Savannah
Sub-Market Pooler
SVN is pleased to exclusively offer this new construction multi-tenant retail investment opportunity, which includes tenants F45, Brave Salon and Port City Animal Hospital. Constructed in 2018 with delivery in 2019 based on first generation tenant improvements, the +/-12,060 square foot building has 6 tenants occupying 7 units with long term leases in place. Net Operating Income (NOI) for 2020 is $307,264.16, which equates to a 7.15% capitalization rate based on 2020 financials. SVN is pleased to offer +/- 1,153 SF for lease at the Highland Park Retail Center, immediately available for occupancy. Suitable for a professional retail or office user, the interior layout comprises a reception area, a large executive office, a conference room, a break area and a restroom. Highland Park is a brand new retail center with a solid mix of co-tenants including F45 Fitness, Brave Salon, Port City Animal Hospital and Oh!Mexico Restaurant. The center is located just off I-95 at the signalized intersection of Jimmy Deloach Parkway and Benton Boulevard within The Highlands of North Godley Station in Pooler. The residential portion of The Highlands consists of 1,200+ acres with 5,700+ single and multifamily units at completion. This area has an immediate need of services given the residential and daytime population nearby, as well as the planned connection of Benton Boulevard to State Highway 30, which will be attracting more residents of Port Wentworth and Effingham County, who will be using it as a thoroughfare to Pooler’s services. Godley Station is a 5,800-acre master-planned development, which has been the center of real estate growth just west of Savannah for slightly more than a decade. The area is home to the Sav/HH International Airport and is logistically centralized for convenient travel to anywhere within the Savannah area, with quick access to both I-95 and I-16. Both residential and commercial growth can be attributed to a number of economic drivers including: the Georgia Ports Authority, the tourism industry, employers such as Gulfstream, JCB, EFACEC, GA Pacific, Mitsubishi and Fort Stewart and Hunter Army Airfield military bases.
  • +/- 12,060 Multi-Tenant Retail Center
  • 100% occupied; 6 Tenants (7 units)
  • 2020 NOI: $307,264.16; 7.15% Cap Rate
  • PUD-C Zoning
  • Accessed via Jimmy Deloach Pkwy & Benton Blvd.
  • Located within 1 mile of I-95 (Exit 104)
  • +/- 1,153 SF of Professional Retail/Office for Lease
  • Interior: Reception, Office, Conference, Break, Restroom
  • In Brand New Retail Center with F45 Fitness, Brave Salon, Oh!Mexico
  • At Signalized Intersection of Benton Blvd and Jimmy Deloach Pkwy
  • Just off I-95 at The Highlands in North Godley Station
  • Within High Residential and Commercial Growth of Pooler
9/9/2019 1:01:24 PM 9/9/2019 1:01:24 PM

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