103 Mall Blvd Savannah, GA 31406
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.