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Shopping Strip

Canal Crossing

10425 Canal Rd, Brunswick, GA 31525

Listing Price: $3,920,000

Cap Rate
6.30%
Gross SF
7,500
Rentable SF
7,500
Price/Gross SF
$522.67
Lot Size
1.10 acres
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to present for sale a 7,500 square foot retail strip located in Brunswick, Georgia. The subject property, Canal Crossing, was constructed in 2018 and is fully occupied by four notable tenants: Five Guys, Tropical Smoothie, Great Clips, and Fuse Frozen Yogurt. The Five Guys is a corporate lease and the Tropical Smoothie is operated by Dyne Hospitality which operates 83+ locations in the southeast. Canal Crossing sits at the signalized intersection of Canal Road at the entrance to a Sam’s Club anchored shopping center. This is the only Sam’s Club within a 60-mile radius. The two closest Sam’s Club locations are in Savannah, GA to the north and Jacksonville, FL to the south. This gives the adjacent Sam’s Club a regional draw and huge trade area. Additional tenants in Canal Crossing include Hobby Lobby, Academy Sports + Outdoors, HomeGoods, and Five Below. Hooter’s, Panda Express, Moe’s Southwest Grill, Panera Bread, McDonald’s, and Cheddar’s Scratch Kitchen are also located within close proximity to the subject property. The Federal Law Enforcement Training Center (FLETC) and the Brunswick-Golden Isles Airport are located directly behind the shopping center. The FLECT training facility is the largest in the country and one of the area’s biggest employers, the FLECT headquarters has an economic impact of more than $600 million per year and brings significant transient consumers to the area. Canal Crossing is less than 1.5 miles to Interstate 95 and additional retailers like Winn-Dixie, Hampton Inn & Suites, Home 2 Garden, Hilton Garden Inn, and more. To the South of the subject property off of Golden Isles Parkway sits a Walmart Supercenter, TJ Maxx, Home Depot, and Glynn Place Mall.

Investment Highlights

  • Four-Tenant Building with Drive-Thru | Sam's Club Outparcel
  • 100% Leased | 2018 Construction | Signalized Hard Corner
  • Five Guys (Corporate), Great Clips, Tropical Smoothie Café, Fuse Frozen Yogurt
  • 79% National Tenants | Favorable Lease Terms and Rent Increases
  • Frontage on Canal Road (10,000 VPD) | 1.5 Miles from Interstate 95 (58,400 VPD)
  • Adjacent to Federal Law Enforcement Training Center (FLETC) Headquarters | Major Employer
  • Major Points of Interest: Academy Sports, HomeGoods, Sam's Club, Panera Bread, Hobby Lobby, McDonald's, National Hotel Chains, FLETC Headquarters, Brunswick Golden Isles Airport
  • City of Brunswick | Southeast Coast of Georgia | Golden Isles (St. Simons Island & Sea Island)

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $3,920,000

Cap Rate
6.30%
Gross SF
7,500
Rentable SF
7,500
Price/Gross SF
$522.67
Lot Size
1.10 acres
Year Built
2018

Investment Highlights

  • Four-Tenant Building with Drive-Thru | Sam's Club Outparcel
  • 100% Leased | 2018 Construction | Signalized Hard Corner
  • Five Guys (Corporate), Great Clips, Tropical Smoothie Café, Fuse Frozen Yogurt
  • 79% National Tenants | Favorable Lease Terms and Rent Increases
  • Frontage on Canal Road (10,000 VPD) | 1.5 Miles from Interstate 95 (58,400 VPD)
  • Adjacent to Federal Law Enforcement Training Center (FLETC) Headquarters | Major Employer
  • Major Points of Interest: Academy Sports, HomeGoods, Sam's Club, Panera Bread, Hobby Lobby, McDonald's, National Hotel Chains, FLETC Headquarters, Brunswick Golden Isles Airport
  • City of Brunswick | Southeast Coast of Georgia | Golden Isles (St. Simons Island & Sea Island)

Investment Overview

Marcus & Millichap is pleased to present for sale a 7,500 square foot retail strip located in Brunswick, Georgia. The subject property, Canal Crossing, was constructed in 2018 and is fully occupied by four notable tenants: Five Guys, Tropical Smoothie, Great Clips, and Fuse Frozen Yogurt. The Five Guys is a corporate lease and the Tropical Smoothie is operated by Dyne Hospitality which operates 83+ locations in the southeast. Canal Crossing sits at the signalized intersection of Canal Road at the entrance to a Sam’s Club anchored shopping center. This is the only Sam’s Club within a 60-mile radius. The two closest Sam’s Club locations are in Savannah, GA to the north and Jacksonville, FL to the south. This gives the adjacent Sam’s Club a regional draw and huge trade area. Additional tenants in Canal Crossing include Hobby Lobby, Academy Sports + Outdoors, HomeGoods, and Five Below. Hooter’s, Panda Express, Moe’s Southwest Grill, Panera Bread, McDonald’s, and Cheddar’s Scratch Kitchen are also located within close proximity to the subject property. The Federal Law Enforcement Training Center (FLETC) and the Brunswick-Golden Isles Airport are located directly behind the shopping center. The FLECT training facility is the largest in the country and one of the area’s biggest employers, the FLECT headquarters has an economic impact of more than $600 million per year and brings significant transient consumers to the area. Canal Crossing is less than 1.5 miles to Interstate 95 and additional retailers like Winn-Dixie, Hampton Inn & Suites, Home 2 Garden, Hilton Garden Inn, and more. To the South of the subject property off of Golden Isles Parkway sits a Walmart Supercenter, TJ Maxx, Home Depot, and Glynn Place Mall.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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