1920 East Presidents St.
Retail | 6.00% CAP | 9,026 SqFt
Marketing description
Savannah, Georgia is one of the South's premier coastal cities, serving as both a major port hub and a nationally recognized tourism and cultural destination. The Port of Savannah — one of the two busiest ports on the East Coast — anchors a diversified economy spanning logistics, manufacturing, aerospace, healthcare, and higher education. The local market benefits from consistent in-migration, a growing professional workforce, and robust tourism demand driven by Savannah's historic downtown, waterfront district, and annual events. The subject property at 1920 East Presidents Street is positioned along a primary commercial corridor with strong daily traffic counts and dense surrounding residential development. Savannah's continued population growth, corporate investment, and infrastructure improvements position the market for sustained long-term retail performance.
Investment highlights
- Corporately guaranteed lease backed by Dolgencorp, LLC
- NN (Roof Structure) lease — landlord responsibility limited to roof and structure only
- 10% rent increases at each of the three, five-year options — growing income stream
- Established Dollar General location at 1920 East Presidents St. in Savannah, GA
- 1.45-acre site with 8,880 SF of net rentable area
- Dollar General operates 20,000+ locations with investment-grade BBB credit rating (S&P)
- Savannah is one of the Southeast's fastest-growing port cities and tourism destinations
- Strong regional economy supported by the Port of Savannah, one of the busiest in the U.S.
- Lease expiration 7/8/2027 with three 5-year renewal options — extension potential through 2042
- Current annual rent of $105,197 with 10% bumps at each option period
- Strong Financials: Q2 2025 earnings exceeded expectations with $10.73B in sales and raised full-year guidance, demonstrating continued operational momentum.
- Expanding Customer Base: Gaining traction with higher-income shoppers, particularly in non-consumable categories, widening its total addressable market.
- Net Store Growth: Adding 725 new stores in 2025 (net +600) while simultaneously optimizing underperformers for long-term portfolio efficiency.
- Massive Scale: Operates approximately 20,000 stores, employs 18,000+, and generates approximately $40.61B in annual revenue — underscoring institutional stability and reach.
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