Dollar General Anchored Center

Listing was updated at: 06/21/2019
Property Overview
Price/Rent PSF $ 975,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 11,000
Date Available 06/21/2019
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The property is located just inside the city limits of Springfield, which is in Effingham County. Effingham County is approximately 20 miles North of Savannah. The site is located on Highway 21 adjacent to Springfield Chrysler Dodge Jeep and directly across from Springfield Station, which is a Harvey’s anchored shopping center. The area has experienced a 44% growth in population to 54,000+ residents in the past decade, which can attribute its growth to the solid public school systems, and employers such as Gulfstream Jets, Georgia Pacific, EFACEC, Mitsubishi and JCB as well as a strong tourism base of 12 million plus visitors per year, the 4th largest U.S. Port and 2 military bases. This once rural suburb has now become an affluent bedroom community of Savannah.

SVN is pleased to exclusively offer this multi-tenant investment opportunity, which is anchored by Dollar General and includes tenants Country Financial and Zoner's Pizza. Built in 1998, the +/-11,000 square foot building has a new roof and new HVAC units. Net Operating Income (NOI) is $80,397, which equates to an 8.25% capitalization rate based on cash flow.