912-429-7926
12313 Largo Dr, Savannah, GA for Sale
Freestanding - FOR SALE
1/8
null | 8.47% Cap Rate

12313 Largo Dr
Savannah, GA 31419
Windsor Forest


HIGHLIGHTS

  • Excess Land.
  • Heart of Southside Retail.
  • Excellent access.
  • Long-term, stable Tenant.
  • Under market rent.

OVERVIEW

This two tenant retail offering is anchored by Harbor Freight (12,850 sq. ft.) and has a restaurant space (1,900 sq. ft.) available with a new lease signed June 2025. The offering cap rate of 8.47%, based on current income and expenses (security patrol not included on reimbursement or expense) presents a great opportunity for the new owner to grow the return. Harbor Fright has occupied the building since 2002 and has completed two renovations and expansions since the original occupancy. The building exterior was re-painted in March 2025 and a new roof was installed on Harbor Freight February 2025. The base rate for Harbor Freight is under current market rates and provides stability for future lease extensions and upside potential. There is excess land with frontage on Largo Drive available for future development. The Harbor Freight Lease allows for up to a 4,000 sq. ft. single or multi-tenant building. Well located property in the heart of the Southside Savannah retail and restaurant corridor. Direct frontage and access from Largo Drive, which serves as access to the Publix/Staples Shopping Center. Georgia Southern Armstrong Campus is located just west of the property, and the Truman Expressway ends at Abercorn Street just east of the property. Retailers in the immediate area include Lowe's, Home Depot, Hobby Lobby, PetSmart, Publix, Staples, and Walmart Market. Abercorn Street is the main east-west road connecting the east islands to the Southside. Two major projects planned for the immediate area include a new Chatham County recreation/entertainment facility and a new Georgia Southern University Dental School.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

8.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,599 SF

ZONING

BN

APN/PARCEL ID

2075510011

ASK ABOUT THIS PROPERTY

Ryan SchneiderPIER Commercial Real EstateMore Info
912-429-7926

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ryan SchneiderPIER Commercial Real EstateMore Info
912-429-7926

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.