Highland Park Retail Center
492 Jimmy Deloach Parkway
Savannah, GA 31407
- +/- 12,060 Multi-Tenant Retail Center
- 100% occupied; 6 Tenants (7 units)
- 2021 NOI: $312,440.52; 7.27% Cap Rate
- PUD-C Zoning
- Accessed via Jimmy Deloach Pkwy & Benton Blvd.
- Located within 1 mile of I-95 (Exit 104)
SVN is pleased to exclusively offer this new construction multi-tenant retail investment opportunity, which includes tenants F45, Brave Salon and Port City Animal Hospital. Constructed in 2018 with delivery in 2019 based on first generation tenant improvements, the +/-12,060 square foot building has 6 tenants occupying 7 units with long term leases in place. Net Operating Income (NOI) for 2021 is $312,440.52, which equates to a 7.27% capitalization rate.
The center is located just off I-95 at the signalized intersection of Jimmy Deloach Parkway and Benton Boulevard within The Highlands of North Godley Station in Pooler. The residential portion of The Highlands consists of 1,200+ acres with 5,700+ single and multifamily units at completion. This area has an immediate need of services given the residential and daytime population nearby, as well as the planned connection of Benton Boulevard to State Highway 30, which will be attracting more residents of Port Wentworth and Effingham County, who will be using it as a thoroughfare to Pooler’s services.
Godley Station is a 5,800-acre master-planned development, which has been the center of real estate growth just west of Savannah for slightly more than a decade. The area is home to the Sav/HH International Airport and is logistically centralized for convenient travel to anywhere within the Savannah area, with quick access to both I-95 and I-16. Both residential and commercial growth can be attributed to a number of economic drivers including: the Georgia Ports Authority, the tourism industry, employers such as Gulfstream, JCB, EFACEC, GA Pacific, Mitsubishi and Fort Stewart and Hunter Army Airfield military bases.