906 72nd St, Savannah, GA 31405-4917
- Strip malls
- 6,900 SF
- 0.37 lot acres
Current Use by Public Records
- The Savannah Cheese Straw Company / Bakery / Specialty Food Shop
Property Details for 906 72nd St
- Year built
- 1970
- Lot size
- 0.37 lot acres
- Zone code
- BG
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 2-0114 -28-009
- APU
- 2011428009
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 11, 2025 | $1,025,000 | 1900 Whitaker LLC | Live Oak Living LLC | Quitclaim Deed · related | — |
| Dec 22, 2022 | — | Live Oak Living LLC | Tlift Hp LLC | Quit Claim Deed · related | $1M · Banksouth |
| Feb 11, 2022 | — | Tlift Hp LLC | — | Deed · related | $610k · Lipsitz Ron Trustee |
| Sep 11, 2008 | — | 72nd Street LLC Robar LLC | Not Provided | Deed | — |
Description
This Savannah, GA shopping center offers a compelling investment opportunity with a strong 8.45% cap rate. The 6,900 square foot, single-story building, renovated in 2022, boasts six fully leased retail units totaling 6,469 square feet of rentable space. Situated in a high-traffic area, just 335 feet from DeRenne Avenue (35,200 VPD) and 350 feet from Waters Avenue (16,500 VPD), the property benefits from exceptional visibility and accessibility. Its prime location is strategically positioned between Memorial Health Hospital and St. Joseph's Candler Hospital, serving a population exceeding 9,000 within a one-mile radius. The building features 22 parking spaces (3.19 spaces per 1,000 sq ft), a Class B structure with masonry framing, block and stucco exterior walls, and a flat rubber membrane roof. Interior finishes include LVP, tile, and sealed concrete flooring, gypsum walls, and acoustic ceiling tiles. Each unit includes a retail storefront-sized glass window. The property is zoned C (Commercial) and benefits from a 60-year lease with 50 years remaining, featuring 3% annual rent bumps. This NNN net lease investment presents a stable, cash-flowing asset with significant long-term potential. The building was constructed in 1970.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,615,000
- 6.5%
- $1,490,000
- 7%
- $1,385,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.0957
- Latitude
- 32.0258
- CBSA code
- 42340
- CBSA name
- SAVANNAH, GA METROPOLITAN STATISTICAL AREA
