This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM/IPG
SRS REAL ESTATE PARTNERS3445 Peachtree Rd NE, Suite 950 | Atlanta, GA 30326 | 404.231.2232
PROPERTY TYPETrophy Publix Ground Lease
PUBLIX GLA43,783 ± SF
LAND AREAPublix 5.23 ± ACMarina 17.92 ± AC
OCCUPANCY100%
YEAR BUILT1993
PRICEPublix $6,095,000 (4% Cap Rate)Marina $3,250,000
*Publix and Marina may be purchased together or separately
NOIPublix NOI $243,799 Marina NOI Contact Broker
DEBTFree & Clear
Overview
ContactGILES STEVENS, CCIMVice President, [email protected] License No. 275518
KYLE STONIS, CCIMManaging Principal, [email protected] License No. 265771
PIERCE MAYSONPrincipal, [email protected] License No. 306418
MATTHEW MOUSAVIManaging Principal, [email protected] License No. 01732226
Investment HighlightsTROPHY PROPERTY WITH A+ TENANT CREDIT The Property is 100% (ground) leased to Publix – the strongest grocer in the Southeast and 4th largest grocer in the nation
UNIQUE, AFFLUENT COASTAL LOCATION Extremely attractive location on Wilmington Island – one of Savannah, GA’s barrier islands –with proximity to nearby vacation home and tourist destinations like Tybee Island, marinas and golf course communities like Savannah Country and an average household income of $140,868
HIGH TRAFFIC POSITION Strategic position along Johnny Mercer Blvd at the Johnny Mercer Blvd bridge with a traffic count of 27,560 VPD
BUILT-IN UPSIDE COMPONENT Having recently entered its first 5-year option period, Publix has 4 (5-year) options remaining with 10% rent increases at each option, providing a built-in value creator for the future
TENANT WITH TENURE Publix has a long history of successful occupancy at the Property, dating back to 1993, when its 25-year primary term commenced
IRREPLACEABLE ASSET WITH OPTION TO BUY MARINAThe Subject site constitutes a one-of-a-kind asset with high barriers to entry, situated in front of an attached, separately-parceled marina, which can be purchased with the Publix
EXCLUSIVELY PRESENTED BY SRS INVESTMENT PROPERTIES GROUP
INVESTMENT OPPORTUNITY
Trophy Publix Ground Lease 155 Johnny Mercer Blvd | Savannah, GA 31410
This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM/IPG
SRS REAL ESTATE PARTNERS3445 Peachtree Rd NE, Suite 950 | Atlanta, GA 30326 | 404.231.2232
MARKETAERIAL
PROPERTYAERIAL
INVESTMENT OPPORTUNITY
Trophy Publix Ground Lease 155 Johnny Mercer Blvd | Savannah, GA 31410
