106 Mall Blvd Savannah, GA 31406
Freestanding retail properties with redevelopment potential in a dense shopping corridor.
Source:
Legacycrea
Listing Agent: Leandra Marcus
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Savannah Retail Investment Opportunity
This offering features two adjacent, single-tenant properties: a Mavis Tires & Brakes and a La Nopalera Mexican Restaurant. The properties are located in a dense shopping corridor with excellent retail synergy, shadow-anchored by a Kroger grocery-anchored center and adjacent to the Oglethorpe Shopping Mall, which sees over 4.2 million annual visits. The location is surrounded by a strong mix of nationally recognized tenants, including TJ Maxx, Burlington, Ross, Bed Bath & Beyond, Dick's Sporting Goods, ULTA, HomeGoods, Marshalls, Food Lion, Chili's, Buffalo Wild Wings, Longhorn Steakhouse, IHOP, Panera Bread, Zaxby's, Wendy's, and Taco Bell. The properties are in close proximity to St. Joseph's Memorial Health University (604 beds) and Candler Hospital (384 beds). The area has a population of 140,829 within a 5-mile radius and daytime employment exceeding 44,910 within a 3-mile radius. The Mavis Tire is paying well below market rents at $12.07/SF. The properties have NN lease structures with minimal landlord responsibilities. There is a Lamar billboard on the premises, generating additional income. La Nopalera has operated successfully at this site since 2007. High upside potential exists through new lease negotiation or property redevelopment, as neither tenant has options to extend.
Location Intelligence
Current Use by Public Records
Mavis Tires & Brakes
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.1150483
- Latitude
- 32.0059343
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Freestanding retail properties with redevelopment potential in a dense shopping corridor.
Where is this retail space located?
The property is located at 106 Mall Blvd Savannah, GA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: - High upside potential through new lease negotiation/property redevelopment with neither tenant having options to extend.; - Mavis Tire recently acquired a network of 595 NTB Tire & Service Centers & Tire Kingdom Service Centers, representing a significant milestone in continued acceleration of Mavis's growth strategy.; - Shadow anchored by Kroger Grocery Anchored Center & adjacent to the Oglethorp Shopping Mall, seeing over 4.2M annual visits according to Placer.ai.
