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Shopping Strip

Starbucks | Mattress Firm

2011 Pooler Pkwy, Pooler, GA 31322

Listing Price: $4,055,000

Cap Rate
5.50%
Gross SF
7,190
Rentable SF
7,190
Price/Gross SF
$563.98
Lot Size
1.43 acres
Year Built
2022

Investment Overview

NEW CONSTRUCTION CORPORATE STARBUCKS & MATTRESS FIRM | COSTCO OUTPARCEL • The subject property is a 7,190 SF Class-A new construction two-tenant retail strip center located in Pooler (Savannah MSA), GA • Pooler is the fastest growing and most affluent suburb of Savannah • Located as an outparcel to a new construction Costco • Pooler Parkway is rapidly growing corridor of the Savannah suburbs and includes many recent & future retail developments • Site is located as an outparcel to the upcoming Mosaic Town Center, a proposed development that will include 430 units of Multi-Family, 90,000+ SF of retail, 120,000 SF of office, a hotel, & entertainment LONG TERM LEASES WITH INCREASES • Starbucks - Ten (10) Year Lease with a 9% rent increase in Year 6 (9 years remaining on current term) • Four (4) Option periods of Five (5) years each with 10% increases. • Mattress Firm - Ten (10) Year Lease with 10% rent increase in Year 6. • Mattress Firm - Two (2) Option periods of Five (5) years each with 10% rental increases. INTERSTATE LOCATION | RETAIL CORRIDOR • The subject property is located directly off I-16 (47,200 VPD) on Pooler Pkwy (11,900 VPD) • This building sits directly across from a Publix anchored shopping center that supports over 730,600 customers per year • Additional surrounding national retailers include the adjacent Chick-fil-A, Lowe’s Home Improvement, Mavis, AutoZone, and more • Interstate access and Costco anchor makes this site a regional draw • Less than 8 miles from the Savannah/Hilton Head International Airport which serves over 3 million passengers annually SAVANNAH, GA • The subject property is in the Pooler Submarket, just 12 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

  • New Class-A Construction
  • Corporate Starbucks & Mattress Firm
  • Long Term Leases With Increases
  • Coastal Savannah Location
  • Interstate Location (47,200 VPD)
  • Rapidly Growing Corridor

Exclusively Listed By

Financing By

Shopping Strip

Starbucks | Mattress Firm

Listing Price: $4,055,000

Cap Rate
5.50%
Gross SF
7,190
Rentable SF
7,190
Price/Gross SF
$563.98
Lot Size
1.43 acres
Year Built
2022

Investment Highlights

  • New Class-A Construction
  • Corporate Starbucks & Mattress Firm
  • Long Term Leases With Increases
  • Coastal Savannah Location
  • Interstate Location (47,200 VPD)
  • Rapidly Growing Corridor

Investment Overview

NEW CONSTRUCTION CORPORATE STARBUCKS & MATTRESS FIRM | COSTCO OUTPARCEL • The subject property is a 7,190 SF Class-A new construction two-tenant retail strip center located in Pooler (Savannah MSA), GA • Pooler is the fastest growing and most affluent suburb of Savannah • Located as an outparcel to a new construction Costco • Pooler Parkway is rapidly growing corridor of the Savannah suburbs and includes many recent & future retail developments • Site is located as an outparcel to the upcoming Mosaic Town Center, a proposed development that will include 430 units of Multi-Family, 90,000+ SF of retail, 120,000 SF of office, a hotel, & entertainment LONG TERM LEASES WITH INCREASES • Starbucks - Ten (10) Year Lease with a 9% rent increase in Year 6 (9 years remaining on current term) • Four (4) Option periods of Five (5) years each with 10% increases. • Mattress Firm - Ten (10) Year Lease with 10% rent increase in Year 6. • Mattress Firm - Two (2) Option periods of Five (5) years each with 10% rental increases. INTERSTATE LOCATION | RETAIL CORRIDOR • The subject property is located directly off I-16 (47,200 VPD) on Pooler Pkwy (11,900 VPD) • This building sits directly across from a Publix anchored shopping center that supports over 730,600 customers per year • Additional surrounding national retailers include the adjacent Chick-fil-A, Lowe’s Home Improvement, Mavis, AutoZone, and more • Interstate access and Costco anchor makes this site a regional draw • Less than 8 miles from the Savannah/Hilton Head International Airport which serves over 3 million passengers annually SAVANNAH, GA • The subject property is in the Pooler Submarket, just 12 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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