Contacts
Adam Bryant, CCIM, SIOR
SVN | GASC
(912) 667-2740
Property Details
- Property Type VacantLand
- Lot Size 10 Acre
- Date Updated Mar 7, 2024
The site is located in Bryan County, Georgia, a submarket of Savannah at Exit 143 on I-16, which is (14) miles from the interchange of I-95 & I-16. The strategic position of this site is directly related to the proximity of a number of industrial and manufacturing developments that have continued to expand due to Savannah’s explosive Port Growth.SVN is pleased to present an opportunity to acquire fee simple ownership of a NNN Pilot Ground Lease, which is majority owned by Berkshire Hathaway in Bryan County, Georgia within the Savannah MSA. The site is located at the NE quadrant of I-16 and Highway 280, which is directly across from the Hyundai EV Plant and represents a direct investment of $5.5 Billion while suppliers and vendors represent an additional $1.5 Billion to date.
The NNN ground lease will commence in March 2024 for a period of (20) years with an expiration of March 2044. Net Operating Income is $360,000 annually in years 1 through 5 with increases in Year 6 and every 5 years thereafter.
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Highlights
- NNN Pilot Ground Lease (20 Years)
- Berkshire Hathaway owns 80% of Pilot
- ±10-Acre Interstate Site
- NOI: $360,000
- 4.5% Capitalization Rate
Attachments
Getting around
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21/100
Walk Score ®
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23/100
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Location
- City Ellabell, GA
- Neighborhood Ellabell
- Zip Code 31308
Points of Interest
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BP
5.72 miles
In-Depth Research Available for this Property
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Contact Listing Broker
Adam Bryant, CCIM, SIOR
SVN | GASC
(912) 667-2740