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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

103 Mall Blvd Savannah, GA 31406

5,144 SF 0.76 ac lot Built 2024
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2024
Total area 5,144 SF
Lot 0.76 ac (33,106 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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