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Shopping Strip

Olde Towne At Berwick

50 Berwick Blvd, Savannah, GA 31406

Listing Price: $7,680,000

Cap Rate
6.50%
Gross SF
29,254
Rentable SF
29,254
Price/Gross SF
$262.53
Lot Size
4.43 acres
Year Built
2007

Investment Overview

OLDE TOWNE AT BERWICK • The subject property is a 29,254 unanchored retail offering in Savannah, GA • Property is stabilized at 100% occupancy • This investment offers a unique mix of restaurants, service tenants, medical tenants, and national brands • Property lies adjacent to a high performing Kroger • Leasing Momentum | 2 New Leases & 4 new renewals since 2020 • This asset features upgraded construction with an attractive modern facade & new paint ADJACENT TO HIGH PERFORMING KROGER • The property sits next to a High-Volume Kroger servicing the greater Savannah area and generates an immense amount of foot traffic to the center • With 1.3 Annual Visits, this Kroger ranks in the top 3% (3/79) in total visits of all Grocery Stores in a 50-Mile Radius • Within the chain, Kroger ranks in the top 10% of stores locally & in GA and top 17% nationally • This Kroger draws from a 10-mile trade area STRATEGIC LOCATION • Property is positioned just off US-17 (28,200 VPD), the major interstate connecting the Berwick submarket into the heart of Savannah • Property is nestled in a densely populated submarket of Savannah with limited competition • Located at an intercept position in the path of growth of the Pooler Parkway corridor, the most desired & affluent suburb of Savannah • One of the only shopping centers that services a 3-Mile trade area of 19,288 households SUPERIOR DEMOGRAPHICS • 5-Mile Population: 118,018 • 5-Mile Avg. HHI: $70,000 SAVANNAH, GA • The subject property is in the Berwick Submarket, just 5 miles from downtown Savannah. • Savannah is Georgia’s fifth-largest city with an estimated population of 146,444 and the third largest MSA with 387,543 • The Port of Savannah is the second largest U.S. seaport on the east coast and creates 350,000 jobs and does over $66 billion in annual sales • Savannah is the oldest city and the top tourist destination in Georgia with over 12.1 million tourists annually. • Home to Hunter Army Airfield which services Fort Stewart (11,205 Military Personnel) and Savannah College of Art & Design (13,000 students) and Georgia Southern University-Armstrong Campus (5,278 students). • Savannah is the county seat of Chatham County

Investment Highlights

  • Savannah, GA's Fifth Largest City
  • Path Of Growth Pooler Parkway Corridor
  • Densely Populated Area No Retail Competition
  • Adjacent To Top Performing Kroger
  • Stabilized At 100% Occupancy
  • Leasing Momentum 2 New Leases & 4 Renewals

Exclusively Listed By

Financing By

Shopping Strip

Olde Towne At Berwick

Listing Price: $7,680,000

Cap Rate
6.50%
Gross SF
29,254
Rentable SF
29,254
Price/Gross SF
$262.53
Lot Size
4.43 acres
Year Built
2007

Investment Highlights

  • Savannah, GA's Fifth Largest City
  • Path Of Growth Pooler Parkway Corridor
  • Densely Populated Area No Retail Competition
  • Adjacent To Top Performing Kroger
  • Stabilized At 100% Occupancy
  • Leasing Momentum 2 New Leases & 4 Renewals

Investment Overview

OLDE TOWNE AT BERWICK • The subject property is a 29,254 unanchored retail offering in Savannah, GA • Property is stabilized at 100% occupancy • This investment offers a unique mix of restaurants, service tenants, medical tenants, and national brands • Property lies adjacent to a high performing Kroger • Leasing Momentum | 2 New Leases & 4 new renewals since 2020 • This asset features upgraded construction with an attractive modern facade & new paint ADJACENT TO HIGH PERFORMING KROGER • The property sits next to a High-Volume Kroger servicing the greater Savannah area and generates an immense amount of foot traffic to the center • With 1.3 Annual Visits, this Kroger ranks in the top 3% (3/79) in total visits of all Grocery Stores in a 50-Mile Radius • Within the chain, Kroger ranks in the top 10% of stores locally & in GA and top 17% nationally • This Kroger draws from a 10-mile trade area STRATEGIC LOCATION • Property is positioned just off US-17 (28,200 VPD), the major interstate connecting the Berwick submarket into the heart of Savannah • Property is nestled in a densely populated submarket of Savannah with limited competition • Located at an intercept position in the path of growth of the Pooler Parkway corridor, the most desired & affluent suburb of Savannah • One of the only shopping centers that services a 3-Mile trade area of 19,288 households SUPERIOR DEMOGRAPHICS • 5-Mile Population: 118,018 • 5-Mile Avg. HHI: $70,000 SAVANNAH, GA • The subject property is in the Berwick Submarket, just 5 miles from downtown Savannah. • Savannah is Georgia’s fifth-largest city with an estimated population of 146,444 and the third largest MSA with 387,543 • The Port of Savannah is the second largest U.S. seaport on the east coast and creates 350,000 jobs and does over $66 billion in annual sales • Savannah is the oldest city and the top tourist destination in Georgia with over 12.1 million tourists annually. • Home to Hunter Army Airfield which services Fort Stewart (11,205 Military Personnel) and Savannah College of Art & Design (13,000 students) and Georgia Southern University-Armstrong Campus (5,278 students). • Savannah is the county seat of Chatham County

Exclusively Listed By

Financing By

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