1709-1715 Osborne Rd
Saint Marys, GA 31558
Local commercial Bien À vendre

Marcus & Millichap is pleased to present 1709 Osborne Road, a +/- 9,039 SF shopping center on the corner of the fronting Osborne Road, 13,300 Vehicles Per Day (VPD),
and Bound Street. Situated on 0.99 acres, the eastern portion of the center was built in 1978, and the western portion was built in 2005. At the beginning of 2026, the
façade was replaced. This property has four points of ingress/egress from Osborne Rd and Bound St. The center hosts six local tenants in spaces ranging from 990 SF to
2,295 SF and is priced significantly below the replacement cost at $94.04/SF. The Base Rent/SF for this center is ~32% below market at $6.84/SF with substantial rent
growth potential, providing an environment where a double-digit cap rate is achievable in the years following an acquisition, because of rental increases in the existing
leases and expiring leases with mark-to-market upside with the current tenants or future ones.
Within 5 miles of this property, there are 25,371 people, and the Kings Bay Naval Base is ~5.5 miles away. The base’s population is over 9,000, which includes navy
personnel, their family members, and civilians. The base serves as the East Coast home of the Trident nuclear-powered submarine program, powered by the state-of-the-
art Atlantic Fleet’s Ballistic and Guided Missile Submarines.