Single-Tenant | 8% Cap Rate | 14-Year Lease | State of Georgia - AAA Credit

For Sale

761 Wheaton Street, Savannah, GA 31401

This Savannah property for sale is located at 761 Wheaton Street. The general use of Single-Tenant | 8% Cap Rate | 14-Year Lease | State of Georgia - AAA Credit is office and it incorporates 110,445 square feet of class A office space. The current listed sale price for Single-Tenant | 8% Cap Rate | 14-Year Lease | State of Georgia - AAA Credit is $20,250,000. Single-Tenant | 8% Cap Rate | 14-Year Lease | State of Georgia - AAA Credit is situated on a lot that is 6.49 acre in size.

Contacts

broker
Michael Bull, CCIM

Bull Realty

Property Details

  • Property Type Office - Government Office
  • Property Size 110,445 SF
  • Lot Size 6.49 Acre
  • Building Class A
  • Year Built 2004
  • Date Updated Jul 29, 2025
This property is located in Savannah, GA.Opportunity to acquire a beautiful 5-story ±110,445 SF building on ±6.49 acres in Savannah on a 14-year leased to the State of Georgia. The property was developed for The Georgia Department of Children and Family Services in 2004 on a 15-year lease. In 2019, the lease was renewed for 20 years and has 14 years remaining. The tenant may stay much longer than 14 years as they enjoy below market rent from a property tax exemption structure at this property. The Georgia Division of Family and Children Services, (DFCS) provides imperative support services and programs for citizens of Savannah and Chatham County. DFCS services include ensuring the safety of children, finding foster and adoptive homes for children in need, and helping out-of-work parents get back on their feet. They also issue SNAP, Medicaid, and TNAF assistance programs. The impressive building is well located on ±6.49 acres in the path of progress in Savannah, Georgia. Savannah is a high growth metro area with strong economic fundamentals, thriving tourism and continued population expansion.
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Getting around

  • 71/100

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  • 76/100

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Location

  • City Savannah, GA
  • Neighborhood Eastside Savannah
  • Zip Code 31401

Points of Interest

  • Parkers Gas Station

    0.62 miles

  • Parker's

    1.01 miles

  • Enmark

    1.01 miles

  • Chevron

    1.06 miles

  • Lal's

    1.15 miles

  • BP

    1.16 miles

  • Marathon Oil

    1.37 miles

  • Tesla Supercharger

    8.84 miles

  • SCAD Ruskin Parking

    0.64 miles

  • SCAD Ruskin Overflow

    0.65 miles

  • Lincoln Parking Garage

    0.66 miles

  • Bryan St. Garage

    0.69 miles

  • Riverside Parking

    0.75 miles

  • River Street East Lot

    0.79 miles

  • SunTrust Bank

    0.81 miles

  • Civic Center Parking Lot

    0.84 miles

  • Liberty Street Parking Garage

    0.90 miles

  • Proposed Hotel

    0.23 miles

  • Hamilton-Turner Inn

    0.49 miles

  • Thompson Hotel

    0.54 miles

  • 17Hundred90 Inn and Restaurant

    0.56 miles

  • Azalea Inn and Villas

    0.56 miles

  • The Presidents Quarters Inn

    0.57 miles

  • Marriott Savannah Riverfront

    0.59 miles

  • The Brice Hotel

    0.60 miles

  • Perry Lane Hotel, a Luxury Collection Hotel, Savannah

    0.60 miles

  • Homewood Suites

    0.60 miles

  • Kroger

    0.63 miles

  • Savannah Blueprint

    0.71 miles

  • Odin and Sons and Collectables

    0.75 miles

  • Harpers Boutique

    0.76 miles

  • XIII West York Street

    0.77 miles

  • Spa Bleu

    0.78 miles

  • Forage

    1.70 miles

  • Whole Foods Market

    2.01 miles

  • Target

    2.23 miles

  • Publix

    3.50 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Michael Bull, CCIM

Bull Realty

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