223 West Broughton Street

223 West Broughton Street
Savannah, GA 31401

Marketing Materials


Jones Lang LaSalle (“JLL”) is pleased to offer for sale the fee simple interest in a multi-tenant property (the “Property” or “Asset”) located in downtown Savannah. The Property is situated along Broughton Street in the highly desirable retail corridor of Savannah’s Historical District. The Asset is a 2-story multi-tenant retail building. Palm Avenue occupies 1,889 square feet on the first floor and Alton Lane occupies 2,269 square feet on the second floor. Both Palm Avenue and Alton Lane are operating on modified gross leases. The Property offers investors an incredibly rare opportunity to acquire a newly-renovated mixed-use asset along Savannah’s main street.
  • Primary Broker

    Kris Cooper - Net Lease Broker
    Kris Cooper
    (404) 995-2271

  • Secondary Broker(s)

    Josh Magaro - Net Lease Broker
    Josh Magaro
    (404) 995-6569

  • Taylor Wolfes - Net Lease Broker
    Taylor Wolfes
    (404) 995-2275

  • Financing Contact

    Brandon Beaty - Net Lease Broker
    Brandon Beaty
    (404) 995-7417

  • In-State Licensee

    Kris Cooper - Net Lease Broker
    Kris Cooper


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I am interested in this property. Please contact me at your earliest convenience.

Investment Highlights
• Incredibly rare, newly-renovated property along Broughton Street in the Savannah Historic District
• Strong tenancy from Palm Avenue and Alton Lane
• Savannah MSA has a population of over 380,000 residents and attracts more than 13.5 million tourists each year
Property Type Retail
Property Address 223 West Broughton Street
Savannah, GA 31401
Building Size 4,320 Square Feet
Primary Use Storefront
Tenancy Multi-Tenant
Price $1,983,364
Price PSF $459.11
Cap Rate 5.50%
Current NOI $109,527
Tenant Name Alton Lane
Annual Rent $41,855
Rent PSF $18.45
Rent Escalations 3% annually
Options None
Lease Start Date 6/12/2016
Lease Expiration Date 6/30/2021
Remaining Term 3.3Yrs