NNN Pilot Ground Lease (20 Years)

I-16 & Highway 280, Ellabell, GA 31308

  • For Sale $7,995,000
  • 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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Attachments

Highlights

  • NNN Pilot Ground Lease (20 Years)
  • Berkshire Hathaway owns 80% of Pilot
  • ±10-Acre Interstate Site
  • NOI: $360,000
  • 4.5% Capitalization Rate

Contacts

broker

Adam Bryant, CCIM, SIOR

SVN | GASC

(912) 667-2740

Location

Getting Around

  • Walk Score ®

    21/100 Car-Dependent
  • Bike Score ®

    23/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Ellabell, GA
  • Neighborhood Ellabell
  • Zip Code 31308

Points of Interest

  • BP

    5.72 miles

  • Subway

    7.38 miles

  • Black Creek School

    2.25 miles

  • Bryan Academy

    2.37 miles

  • Mill Creek School

    3.62 miles

  • Sand Hill Elementary School

    4.47 miles

  • Lanier Primary School

    4.95 miles

  • Marlow Elementary School

    5.66 miles

  • South Effingham Middle School

    7.07 miles

  • South Effingham High School

    7.21 miles

  • Bryan County Middle School

    9.13 miles

  • Bryan County High School

    9.19 miles

Frequently Asked Questions

What is the lease rate for NNN Pilot Ground Lease (20 Years)?

Rental asking rate at NNN Pilot Ground Lease (20 Years) is $3,997,500.00/YR.

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Contact Listing Broker

broker

Adam Bryant, CCIM, SIOR

SVN | GASC

(912) 667-2740