NNN Pilot Ground Lease (20 Years)

For Sale

I-16 & Highway 280, Ellabell, GA 31308

This Ellabell property for sale is located at I-16 & Highway 280. The current listed sale price for NNN Pilot Ground Lease (20 Years) is $7,200,000. NNN Pilot Ground Lease (20 Years) is situated on a lot that is 10 acre in size.

Contacts

broker
Adam Bryant, CCIM, SIOR

SVN | GASC

Property Details

  • Property Type VacantLand
  • Lot Size 10 Acre
  • Additional Rent Contact for pricing
  • Date Updated Nov 26, 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 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.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • NNN Pilot Ground Lease (20 Years)
  • 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 @ Exit 143)
  • Directly Across from Hyundai EV Metaplant

Attachments

Getting around

  • 21/100

    Walk Score ®

  • 23/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Ellabell, GA
  • Zip Code 31308

Points of Interest

  • BP

    0.32 miles

  • Marathon

    0.32 miles

  • Chevron

    4.28 miles

  • Marathon Gas

    8.53 miles

  • Quick Trip Gas Station

    9.86 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Adam Bryant, CCIM, SIOR

SVN | GASC