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Shopping Strip

East Montgomery Cross Road Retail

1932 E Montgomery Cross Rd, Savannah, GA 31406

Listing Price: $3,393,031

Cap Rate
6.50%
Gross SF
6,312
Rentable SF
6,312
Price/Gross SF
$537.55
Lot Size
0.85 acres
Year Built
2020

Investment Overview

- Class “A” Retail Center constructed in 2020  - Bite-size, multi-tenant retail investment w/ full-service drive-thru lane  - Occupied by 100% National and Regional tenants  - Both National Tenants on 10-year leases, and all NNN lease structures with full reimbursement - Landlord roof responsibility offset by long term roof warranty from national manufacturer  - Rent increases through each base term and option periods  - Robust Traffic Counts of 18,400 along E.? Montgomery Crossroad and 35,900 off nearby Truman Parkway  - Ideal Demographic Makeup | ±40,713 k (3-mile radius), ±123,569k (5-mile radius), Daytime population of ±146k (5-mile radius), and 55k Households (15-Minute Drive Time)  - Located directly across from a Walmart Supercenter and Sam’s Club development  - Strategically positioned at a traffic signal of a 4-way intersection  - Prominent Tenant Monument Sign in front of property along East Montgomery Cross Road  - Savannah, Georgia is a top tourist destination with 13.9 million visitors annually  - Georgia’s deep-water ports and inland barge terminals support nearly 500,000 jobs throughout the state annually and contribute $29 billion in statewide income  - The Port of Savannah is the largest single container terminal in the Western Hemisphere (facilitated 21.6% of the container trade on the East Coast)  - Savannah maintains the nation’s largest Historic Landmark District  - In 2021, Savannah reported an unemployment rate of 3.7% (based on Savannah Chamber of Commerce 2021 data), which is well below the national average  - Savannah projected to grow by 40 percent by 2050 

Investment Highlights

  • Occupied by 100% National and Regional tenants
  • Bite-size, multi-tenant retail investment w/ full-service drive-thru lane
  • Robust Traffic Counts of 18,400 along E. Montgomery Crossroad and 35,900 off nearby Truman Parkway

Exclusively Listed By

Financing By

Shopping Strip

East Montgomery Cross Road Retail

Listing Price: $3,393,031

Cap Rate
6.50%
Gross SF
6,312
Rentable SF
6,312
Price/Gross SF
$537.55
Lot Size
0.85 acres
Year Built
2020

Investment Highlights

  • Occupied by 100% National and Regional tenants
  • Bite-size, multi-tenant retail investment w/ full-service drive-thru lane
  • Robust Traffic Counts of 18,400 along E. Montgomery Crossroad and 35,900 off nearby Truman Parkway

Investment Overview

- Class “A” Retail Center constructed in 2020  - Bite-size, multi-tenant retail investment w/ full-service drive-thru lane  - Occupied by 100% National and Regional tenants  - Both National Tenants on 10-year leases, and all NNN lease structures with full reimbursement - Landlord roof responsibility offset by long term roof warranty from national manufacturer  - Rent increases through each base term and option periods  - Robust Traffic Counts of 18,400 along E.? Montgomery Crossroad and 35,900 off nearby Truman Parkway  - Ideal Demographic Makeup | ±40,713 k (3-mile radius), ±123,569k (5-mile radius), Daytime population of ±146k (5-mile radius), and 55k Households (15-Minute Drive Time)  - Located directly across from a Walmart Supercenter and Sam’s Club development  - Strategically positioned at a traffic signal of a 4-way intersection  - Prominent Tenant Monument Sign in front of property along East Montgomery Cross Road  - Savannah, Georgia is a top tourist destination with 13.9 million visitors annually  - Georgia’s deep-water ports and inland barge terminals support nearly 500,000 jobs throughout the state annually and contribute $29 billion in statewide income  - The Port of Savannah is the largest single container terminal in the Western Hemisphere (facilitated 21.6% of the container trade on the East Coast)  - Savannah maintains the nation’s largest Historic Landmark District  - In 2021, Savannah reported an unemployment rate of 3.7% (based on Savannah Chamber of Commerce 2021 data), which is well below the national average  - Savannah projected to grow by 40 percent by 2050 

Exclusively Listed By

Financing By

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