I-16 And Us Hwy, Ellabell, GA 31308
10 Acres of Commercial Land Offered at $7,995,000 USD in Ellabell, GA 31308
For Sale
Active
Asking Price $7,995,000
- Property Type
-
Land
- Square Feet
- 435,600 SF
Listing Contacts
Adam Bryant
Property 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.
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.
Property Details
- Property Subtype
- Commercial
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; 4.5% Capitalization Rate
- ±10-Acre Interstate Site (I-16)
- Directly Across from Hyundai EV Metaplant
All available spaces
- Space
- Lot 1
- Size
- 435,600 SF
- Price
- $7,995,000
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