103 Mall Blvd Savannah, GA 31406
- Retail properties
- 5,144 SF
- 0.76 lot acres
Current Use by Public Records
- Retail properties
Property Details for 103 Mall Blvd
- Year built
- 2024
- Lot size
- 0.76 lot acres
- Property size
- 5,144 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
Exceptional investment opportunity: a 5,144 square foot Banfield Pet Hospital in Savannah, Georgia, presents a compelling net lease investment. This single-tenant property, built in 2024, boasts a strong 10.3-year lease remaining (expiring February 28, 2035), featuring a corporate guarantee from Medical Management International, Inc. The property enjoys a 5.50% cap rate and a substantial net operating income (NOI) of $216,048. Situated on a 0.76-acre lot with 46 parking spaces, the building is part of a thriving retail corridor, benefiting from high visibility at a signalized intersection with 50,900 vehicles per day. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The property's prime location within Oglethorpe Mall, a 989,655 square foot retail center, provides access to a dense population of 60,484 residents within a 3-mile radius and proximity to major employers, including Candler Hospital and Savannah State University. Nearby amenities include a wide array of popular restaurants and retailers, further enhancing the property's value and appeal. This is a rare opportunity to acquire a high-quality, net-leased medical office property in a rapidly growing market with limited inventory. The property's strong tenant, long lease term, and attractive financial metrics make it an ideal addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.1153
- Latitude
- 32.0057
