50 BERWICK BLVD Savannah GA 31419-8481

OLDE TOWNE AT BERWICK

• The subject property is a 29,254 unanchored retail offering in Savannah, GA

• Property is stabilized at 100% occupancy

• This investment offers a unique mix of restaurants, service tenants, medical tenants, and national brands

• Property lies adjacent to a high performing Kroger

• Leasing Momentum | 2 New Leases & 4 new renewals since 2020

• This asset features upgraded construction with an attractive modern facade & new paint

ADJACENT TO HIGH PERFORMING KROGER

• The property sits next to a High-Volume Kroger servicing the greater Savannah area and generates an immense amount of foot traffic to the center

• With 1.3 Annual Visits, this Kroger ranks in the top 3% (3/79) in total visits of all Grocery Stores in a 50-Mile Radius

• Within the chain, Kroger ranks in the top 10% of stores locally & in GA and top 17% nationally

• This Kroger draws from a 10-mile trade area

STRATEGIC LOCATION

• Property is positioned just off US-17 (28,200 VPD), the major interstate connecting the Berwick submarket into the heart of Savannah

• Property is nestled in a densely populated submarket of Savannah with limited competition

• Located at an intercept position in the path of growth of the Pooler Parkway corridor, the most desired & affluent suburb of Savannah

• One of the only shopping centers that services a 3-Mile trade area of 19,288 households

SUPERIOR DEMOGRAPHICS

• 5-Mile Population: 118,018

• 5-Mile Avg. HHI: $70,000

SAVANNAH, GA

• The subject property is in the Berwick Submarket, just 5 miles from downtown Savannah.

• Savannah is Georgia’s fifth-largest city with an estimated population of 146,444 and the third largest MSA with 387,543

• The Port of Savannah is the second largest U.S. seaport on the east coast and creates 350,000 jobs and does over $66 billion in annual sales

• Savannah is the oldest city and the top tourist destination in Georgia with over 12.1 million tourists annually.

• Home to Hunter Army Airfield which services Fort Stewart (11,205 Military Personnel) and Savannah College of Art & Design (13,000 students) and Georgia Southern University-Armstrong Campus (5,278 students).

• Savannah is the county seat of Chatham County

• 29,543-SF Kroger shadow anchored center in Savannah
• 91% leased with leasing upside
• Strong mix of national, regional & local tenants in Anytime Fitness, Marco's Pizza & State Farm
• Well-maintained center with no imminent deferred maintenance
• Savannah is home to the fastest growing ports in the country
• Located at the entrance of 1,900-acre residential development community of 3,300 homes
• $100,000+ Household Incomes surrounding site