310-322 West Broughton

  • $6,250,000
310-322 West Broughton Street
Featured

310-322 West Broughton

310-322 West Broughton Street
  • $6,250,000

Overview

Property ID: 2-0016-15-012
  • Retail
  • Property Type
  • 26301
  • Sq Ft
  • 0.75
  • Lot Acres

Description

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.


Investment Highlights
• 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

Property Documents

310-322 W Broughton - OM

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  • Address 310-322 West Broughton Street
  • City Savannah
  • State/county Georgia
  • Zip/Postal Code 31401
  • Country United States

Details

Updated on August 10, 2020 at 9:32 pm
  • Property ID: 2-0016-15-012
  • Price: $6,250,000
  • Property Size: 26301 Sq Ft
  • Land Area: 0.75 Acres
  • Property Type: Retail
  • Property Status: For Sale, New Listing

Contact Information

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David Gaule
  • David Gaule
  • 912 236 1000912 314 4540

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