Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Gross
Occupancy 90.0 %

Asset Description

Jones Lang LaSalle (JLL) is pleased to exclusively present Abercorn Walk: a Fresh Market-anchored retail center with value add potential located in one of the most sought after submarkets in Savannah.


Abercorn Walk boasts an extremely high performing, nationally recognized tenant line up and is anchored by Fresh Market, one of the only specialty grocers in the submarket. The Property boasts significant value add potential with a majority of the shop tenant roll during the next 3 years paying a below market rent, allowing future Ownership to near-term opportunity to increase income over $200K.


Abercorn Walk is proximate to several major economic drivers in Savannah, including the Hunter Army Airfield, the Savannah Medical Arts District, and the Oglethorpe/Abercorn Retail Corridor. Savannah benefits from an extremely robust and diverse economy due to the Port of Savannah (#1 Fastest Growing Port in the USA) and downtown Savannah being one of the top tourist destinations in the USA.

Investment Highlights

  • Grocery-Anchored by Top Performing Fresh Market
    • 12% YOY Sales Increase
  • Nationally Recognized, High Performing Tenant Line Up
  • Near-Term Value Add Potential via marking to market several of the rents at the center
  • Proximate to several local economic drivers
  • Strong Traffic Counts (Abercorn St: 26,800 VPD) and Signalized Access Point
  • Port of Savannah: #4 Busiest Port and #1 Fastest Growing Port in the USA
    • Currently undergoing $2.5B Expansion Project
Last Updated Date: 14 Oct 2021

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Last Updated Date: 14 Oct 2021

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