H&M - Savannah, GA

240 W Broughton Street
Savannah, GA 31401

Marketing Materials

Overview

The Asset is located within historic Savannah’s primary commercial area along Broughton Street, a famed retail corridor with significant barriers to entry. The Broughton Street address provides intrinsic real estate value and direct exposure to over 13.9 million tourists annually. The property is leased to a globally recognized tenant, H&M, within Savannah’s main shopping district and generates an immediate consumer draw among both tourists and local residents. This offering represents the rare opportunity to purchase an international retail Tenant possessing significant intrinsic real estate value within a historic Southeastern market.
  • Primary Broker

    Kris Cooper - Net Lease Broker
    Kris Cooper
    (404) 216-2978

  • Secondary Broker(s)

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

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

  • In-State Licensee

    Kris Cooper - Net Lease Broker
    Kris Cooper
    GA

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Investment Highlights
• 14 Years of Remaining Term with 2.0% Annual Rental Escalations
• One of the few newly constructed buildings along Broughton Street (2016 construction)
• Historic Savannah attracts over 13.9 million tourists annually
• H&M positioned as a globally recognized tenant
• Adjacent to leading national brands including Lululemon, Victoria’s Secret, J. Crew, H&M, and Banana Republic
• Port of Savannah is largest in the nation, has created 369,000 jobs and produces $84 billion in annual revenue
• Savannah Port Expansion Project is currently underway to enable docking of larger ships
• The Savannah College of Art & Design hosts 10,000 students all with access to Broughton Street
General
Property Type Retail
Property Address 240 W Broughton Street
Savannah, GA 31401
Market GA-Savannah
Sub Market Downtown
Land In Acres 0.19
Building Size 32,202 Square Feet
Primary Use Storefront
Year Built 2016
Tenancy Single-Tenant
Financial
Price Confidential
Cap Rate Confidential
Current NOI $721,597
Lease
Tenant Name H&M
Annual Rent $721,597
Rent PSF $22.41
Rent Escalations 2% Annual
Options 4 X 5-Years
Lease Expiration Date 1/31/2032
Remaining Term 13.6Yrs