7810 Abercorn St - Auto Repair FOR SALE


Savannah, GA 31406
$1,524,000 USD
704-697-1900
7810 Abercorn St, Savannah, GA for Sale
$1,524,000 USD
Auto Repair - FOR SALE
1/3
null | 5.25% Cap Rate

7810 Abercorn St
Savannah, GA 31406


OVERVIEW

STRONG LEASE FUNDAMENTALS - Ground Lease - Providing a hands off investment - Zero Landlord Responsibilities - 10% Increases in current term and in option periods EXPERIENCED FRANCHISEE - QAS (Quality Auto Service) was established in 2001 and is the second largest franchisee of Valvoline - More than 200 locations across 13 state headquartered in Charlotte, NC LOCATED IN HUGE RETAIL CORRIDOR - Over 4.1MSF of retail space located in a 1-mile radius - Property is an Outparcel to the 936K SF Oglethorpe Mall - Anchor Tenants include: Belk, JCPenney, and Macy’s - The mall vacancy rate is currently 0% - The mall boasts just under four million visits annually bringing clients to Valvoline daily SAVANNAH, GA MSA - The Savannah, GA MSA is the third most populated MSA in Georgia behind only Atlanta and Augusta - From 2010 to 2020 the Savannah, GA MSA was the fastest growing area in all of Georgia HUNTER ARMY AIRFIELD - Site is located next to the 5,370 acre 3d infantry Division Marine Division Airfield - The airfield is home to more than 5,700 soldiers and employs more than 25K people providing a significant economic impact on the Savannah, GA area HIGHLY ACCESSIBLE LOCATION - Valvoline is located on a prominent hard corner at the intersection of White Bluff Blvd (15.5K VPD) - Convenient access to a large lot with excellent parking ratio - Outparcel of shopping center, benefiting from traffic flow from surrounding retail

FOR SALE DETAILS

PRICE

$1,524,000 USD

PRICE/SF

$753 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

14 SF

ZONING

BC

APN/PARCEL ID

2055901005

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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