I-16 and US Highway 280 - Commercial LAND FOR SALE


Ellabell, GA 31308 435,600 SF
$7,200,000 USD
912-667-2740
I-16 and US Highway 280, Ellabell, GA for Sale
$7,200,000 USD
Commercial LAND - FOR SALE
1/10
435,600 SF

I-16 and US Highway 280
Ellabell, GA 31308


HIGHLIGHTS

  • NNN Pilot Ground Lease (20 years) | For Sale
  • Berkshire Hathaway owns 80% of Pilot
  • Lease Term: 03/01/24 to 02/29/44
  • NOI: $360,000; 5% Capitalization Rate
  • ±10-Acre Interstate Site (I-16)
  • Directly Across from Hyundai EV Metaplant

OVERVIEW

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 commenced March 1, 2024 for a period of (20) years with an expiration date of February 29, 2044. Net Operating Income is $360,000 annually in years 1 through 5 with increases in Year 6 and every 5 years thereafter. The project is now completely built out and the business opened on July 20, 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.

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/ACRE

$720,000/AC

PRICE/SF

$17 USD /SF

# OF LOTS

-

ON GROUND LEASE

Yes

LAND DETAILS

PROPERTY NAME

NNN Pilot Ground Lease | Fee Simple

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Truck Stop

LAND ACRES

10 AC

LAND SF

435,600 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

C-1

APN/PARCEL ID

029 004,029 005,030 001

ASK ABOUT THIS PROPERTY

Adam BryantSVN GASCMore Info
912-667-2740

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Adam BryantSVN GASCMore Info
912-667-2740

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