155 Johnny Mercer Blvd
Savannah, GA 31410
Trophy Publix Ground Lease · Retail Property For Sale

SRS’ Investment Properties Group is pleased to present the unique opportunity to acquire a trophy investment property, ground leased to Publix Super Markets, located on Wilmington Island in Savannah, GA. The lease is corporately guaranteed by Publix, which has entered its first 5-year option following a 25-year primary lease term. The tenant has roughly four (4) years remaining on its existing term with 4 additional (5-year) options remaining, featuring 10% rental increases at the beginning of each period. The Subject Site is located along Johnny Mercer Blvd, at the intersection of Johnny Mercer Blvd and Wilmington Island Rd with good visibility and signage. Johnny Mercer Blvd runs east and west, connecting with US-80, which runs between Downtown Savannah and Tybee Island. The subject Publix is located in a high profile position with extremely high barriers to entry, directly in front of a marina with access to the Wilmington River and the Intracoastal Waterway, and adjacent to Turners Cove Townhomes. The separately-parceled Marina can be purchased as part of the offering if preferred. With built-in customers provided by abundant nearby residential communities like Savannah Country Club, along with the busy marina directly behind the Property, the Publix serves a consistent, loyal consumer base. LOCATION Located in Savannah - just six miles southeast of downtown, on one of Savannah’s barrier islands, Island Towne Centre is strategically positioned at the intersection of US-80 and Islands Expressway. Situated in Chatham County, the Property lies within the Savannah, GA MSA which consists of Bryan, Chatham and Effingham counties and is home to a population exceeding 350,000 people. The third most populous MSA in the state behind Atlanta and Augusta, Savannah is a strategic port city with a rich history dating back to 1733. The oldest city in the state and Georgia’s first state capitol, Savannah is home to a booming tourism industry, a major U.S. Army installation in Hunter Army Airfield, the Savannah College of Art and Design and corporate headquarters for companies like Gulfstream Aerospace. Savannah offers its visitors and residents an inspirational place to live, work and play. With picturesque tree canopies, cobblestone streets, old world architecture, beachfront amenities, riverfront scenery, a plethora of music, food, festivals and art and an abundance of parks and green space, Savannah truly provides something for everyone. In fact, Travel & Leisure named Savannah one of “America’s Favorite Cities” and rated it highest in “Quality of Life and Visitor Experience”. It was also ranked first for “Public Parks and Outdoor Access” and second in America behind Chicago for “Cool Buildings and Architecture”. With a long history as a thriving port city, Savannah’s economic success has always been tied to its location on the Savannah River - 18 miles from the Atlantic Ocean. Historically an agricultural community, Savannah benefited from its ability to distribute its local exports, such as silk, indigo and cotton, to the rest of the world. Today, the Port of Savannah continues to be a mainstay of the city’s economy in conjunction with its burgeoning manufacturing industry, military installation, healthcare services and thriving tourism industry.