New York — Cohen Real Estate, a Manhattan-based full-service brokerage firm specializing in retail properties throughout the United States, has been retained to market Shoppes of Silverwood, a full-service strip shopping center located in Ricon, Georgia.
The 65,571-sq. ft. shopping center is 100% occupied. A Kroger supermarket anchors the center. Kroger has seen a significant and steady increase in sales over the last few years, adding value to the property. Other tenants include Cato’s, Hong Kong Buffet, Pizza Hut, Jackson Hewitt Tax Service, and First Chatham Bank. Although the property is completely occupied, the new owner can add a 3,150-sq. ft. end-cap store.
Providing excellent visibility and easy access, Shoppes of Silverwood is located 30 minutes north of Savannah, Georgia. Situated on 5652-5667 U.S. Highway 21 South with a signalized intersection, the location achieves traffic counts of approximately 17,780 cars per day.
In order to take advantage of the current financial markets, Cohen has said that the property is being offered free and clear.