Chick-fil-A: Savannah, GA
3,428 SF | Retail Building | Savannah, GA 31405 | $4,207,500 ($1,227/SF) | 4% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,207,500
- Property Type
-
Retail
- Square Feet
- 3,428 SF
- Price / Square Foot
- $1,227
Listing Contacts
Thomas Carr
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Christopher Bosworth
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Brian Pfohl
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Leah Lindell
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Abby Kelly
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Kaitlyn Wolf
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Andrew Benton
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- Property Info
Property Overview
CBRE is pleased to exclusively offer for sale an absolute NNN Chick-fil-A ground lease situated on 1.20 acres in Savannah, GA (MSA Population: 424,285)—an economic region in coastal Georgia that is largely driven by the Port of Savannah, military, healthcare and hospitality. Chick-fil-A’s lease features ±13.6 years of term remaining with rare 2% annual rent increases throughout the initial term and in each of the ten 5-year renewal options. Built in 2022, the property boasts a 3,428-square-foot building with a double-lane drive-thru and is located on a hard corner at the signalized intersection of White Bluff Road (26,100 VPD) and East Derenne Avenue (50,200 VPD), which turns into Interstate 516 heading west.
Property Details
- Year Built
- 2022
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 52,272 SF
Highlights
- Chick-fil-A: The leading quick-service chicken restaurant in the country
- Absolute NNN Ground Lease with Rare 2% Annual Rent Increases
- Landmark Location: Adjacent to Brand-New Starbucks & Parker's Kitchen
- Within Feet of Hunter Army Air Field - A Principal Employer of Savannah
- High Traffic Corridor: 50,200 VPD along East DeRenne Avenue
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