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 $6,995,000. 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
  • Date Updated Jan 31, 2025
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.
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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; 5.15% Capitalization Rate
  • ±10-Acre Interstate Site (I-16 @ Exit 143)
  • Directly Across from Hyundai EV Metaplant

Attachments

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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

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