Investment Overview

Marcus & Millichap is pleased to present Edwards Plaza, a +/- 27,700 square foot shopping center, along with a ground-leased gas station, and two free-standing buildings that are situated upon 4.91 contiguous acres in the heart of St. Simons Island, Georgia. This generational, trophy asset is located on the hard signalized corner of the fronting Frederica Rd and Edwards Plaza PE. Built in 1968, this property is anchored by Ace Hardware, who has been in the structure since 1980 and is on a highly desirable percentage rent lease. Outside of Chubs Diner, the remaining tenants are on leases with substantially below-market rents and nearing expirations. Within a five-mile radius, the average household income is ~$140,000. Edwards Plaza has HC(Highway Commercial District) zoning that allows commercial uses for retail, office, and hospitality with a maximum building height of 35 feet. This zoning is advantageous should a prospective investor want to pursue a redevelopment or repositioning at some point during their ownership timeline. St. Simons Island is the largest barrier island in the Golden Isles, home to world-class golf clubs and Forbes Five-Star/AAA Five-Diamond Resorts, and was voted Travel + Leisure’s #1 Best Island in the Continental United States. St. Simons Island and surrounding barrier island members Sea Island, Jekyll Island, and Little St. Simons Island, as well as the mainland city of Brunswick, make up the Golden Isles, which is a hotbed for tourism resulting in over 3.2 million overnight visitors annually, creating an economic impact over 1.7 billion. The Golden Isles are within Glynn County, which has the fastest-growing Tourism & Hospitality sector on the Georgia coast and is second in the state outside the Atlanta Metro Area per the Golden Isles Convention & Visitors Bureau.