AppleCare | Arrowhead Clinic Sublease

  • $897.1K
7205 Hodgson Memorial Drive, Savannah, GA 31405, USA

AppleCare | Arrowhead Clinic Sublease

7205 Hodgson Memorial Drive, Savannah, GA 31405, USA
  • $897.1K

Sub listings

Title Property Type Price Beds Baths Property Size Availability Date
sqft

Description

Marketing Description
Sands Investment Group is Pleased to Present Exclusively For Sale the 4.000 SF AppleCare | Arrowhead Clinic Sublease Located in Savannah, GA. This Deal Includes a Freestanding Medical Office Building That is an Outparcel to the Kroger Marketplace and Dick’s Sporting Goods Shopping Center. Providing For 3 Secure Investment.

Investment Highlights
100% Occupied 4.000 SF Medical Office Building Leased to AppleCare (11 Units Throughout Georgia) and Sublet to Arrowhead Clinic (17 Locations)
-6 Years Remaining on the AppleCare LLC Lease
Building Was Fully Renovated in 2015. Including a New Roof and HVAC
3% Rent Increases Every 2 Years
Outparcel to a Newly Constructed Kroger Marketplace. Dick*s Sporting Goods Shopping Center; Other Outparcel Users Include Chipotle. Taco Bell. Panda Express and AT&T
Direct Frontage on Hodgson Memorial Drive (20.000 VPD) and Located Near the Mall Boulevard Intersection (15.249 VPD)
Over 142,900 People Live Within a 5-Mile Radius
– Located Across From the Oglethorpe Mall. Which is the Heart of the Area’s Main Retail Corridors
1.5-Miles From the 350 Acre Hunter Army Airfield and Military Base. Which Employs Over 5,500 Soldiers
Savannah’s Total Number of Visitors in 2018 Increased to 14.5 Million Compared to 14.1 Million in 2017; Savannah’s Visitors Spent a Record-Breaking $3 Billion in 2018 – an Increase of 3.2% compared to the $2.91 Billion Spent in 2017;
For the Past 10 Years, the Port of Savannah Has Grown Faster Than Any Other Major Port in the U.S. Achieving a Compound Annual Growth Rate of 4.5%; Georgia Ports Authority (GPA) Handled 4.2 Million Twenty-Foot Equivalent Containers Units (TEUs) in Fiscal Year 2018, For an Impressive 8.4% Increase Year Over Year, or 325.000 Additional Units;
Nearby Tenants Include Bed Bath and Beyond. TJ. Maxx. Burlington Coat Factory. Marshalls. Belk. Barnes & Noble. Chick-fil-A. Starbucks. Arby’s. BBSiT and More

Details

Updated on April 5, 2020 at 10:39 pm
  • Property ID: 30436
  • Price: $897.1K
  • Property Size: 4000 sqft
  • Year Built: 1976
  • Property Type: Health Care / Medical
  • Property Status: For Sale
  • Price Per/Sf: 224.28
  • Lot Size (acres): 0.51
  • Last Remodel Year: 2015
  • Tenancy: Single
  • Cap Rate: 6.75%
  • Net Operating Income: 60,556

Additional details

  • Lease Type: Modified
  • Lease Term: 10.2 years
  • Lease Commencement: 08/06/2015
  • Lease Expiration: 10/31/2025
  • Remaining Term: 5.6 years
  • Rent Bumps: 3% Every 2 Years
  • Address 7205 Hodgson Memorial Drive, Savannah, GA 31405, USA
  • City Savannah
  • State/county Georgia
  • Zip/Postal Code 31406
  • Area Highland Park
  • Country United States

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Contact Information

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Andrew Ackerman
  • Andrew Ackerman
  • 770.626.0445

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Andrew Ackerman
  • Andrew Ackerman