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Ogeechee Plaza Shopping Center 4410 Ogeechee Rd 7,260 SF Retail Building Savannah, GA 31405 $2,975,000 ($409.78/SF) 7.61% Cap Rate
Investment Highlights
- Shopping Center: 6 units, 1,210 square feet each, 5 units leased, property nearing stabilization, 38 parking spaces
- The surrounding area is undergoing significant expansion, making this an ideal investment opportunity:
- Commercial Development: Nearby Savannah Park of Commerce, home to top engineering and environmental consulting firms
- Cracker Barrel and new hotel coming soon on adjacent vacant land
- Residential Development: Four new apartment complexes were recently completed, one adjacent to the shopping center with additional projects in the p
- Automotive Hub: Major car dealerships, including Toyota, Lexus, Kia, Acura, Chrysler, Dodge, Jeep, Ram, and Subaru, located at the I-16 intersection
Executive Summary
Investment opportunity offers investors a prime opportunity to acquire a nearly stabilized, newly constructed shopping center in a booming location with a 7.6 cap. With its modern design, strategic positioning, and high occupancy rate, this property is poised for strong returns and long-term growth. Don’t miss the chance to invest in this thriving commercial hub. It features six units, each 1,210 SF, located among multiple apartment complexes, and coming soon, a Cracker Barrel and a new hotel adjacent to the property.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,260 SF
Building Class
B
Year Built
2023
Price
$2,975,000
Price Per SF
$409.78
Cap Rate
7.61%
NOI
$226,396
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.50 AC
Zoning
B-C - Community-Business. The purpose of this district shall be to provide community shopping facilities consisting of a wide variety of sales and services.
Parking
38 Spaces (5.23 Spaces per 1,000 SF Leased)
Frontage
200’ on Ogeechee Rd (Highway 17)
Amenities
- 24 Hour Access
- Bus Line
- Restaurant
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Custom Claws
- Services
- -
- -
- Triple Net
- Aug 2027
--
- Mona LLC
- Retailer
- -
- -
- Triple Net
- Feb 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Custom Claws | Services | - | - | Triple Net | Aug 2027 | |
| Medical Weight Loss | Health Care and Social Assistance | 1,210 SF | - | Triple Net | Feb 2027 | |
| Mona LLC | Retailer | - | - | Triple Net | Feb 2028 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Suitable for variety of retail business needs
| Space | Size | Space Use | Position | Available |
| A | 2,420 SF | Retail | End Cap | Now |
A
| Size |
| 2,420 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
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Map
A
| Size | 2,420 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Suitable for variety of retail business needs
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2087301022 | Improvements Assessment | $280,640 |
| Land Assessment | $209,080 | Total Assessment | $489,720 |
Property Taxes
Parcel Number
2087301022
Land Assessment
$209,080
Improvements Assessment
$280,640
Total Assessment
$489,720
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
