A unique opportunity to purchase a block of 5 retail units on Broughton Street, the main retail thoroughfare in Savannah.
Until February this year, the block was 100% tenanted with a mix of national and local retailers.
The properties benefits from original period features, great shop frontage and the opportunity to improve the usable space in the 2 currently vacant spaces.
Major local retailer include Lululemon, Victoria’s Secret, Urban Outfitters, Vineyard Vines, CVS, AT&T, McDonald’s and several regional and local tenants. This is a premium retail location within Downtown Savannah.
Value add proposition on the 2 currently vacant units
Good mix of local and national retailers in existing tenanted spaces
Broughton Street redevelopment underway, which will dramatically improve retail experience on the high street.
• Existing Tenants- Long Term Lease (NNN)
• Original Lease Term – 5 to 10 Years
• Remaining Lease Term – 2 +/- years
• Options to renew with Rent Increase
• 60% occupancy
• Strong local demographics and population growth
• High Traffic Location