Pilot NNN Property For Sale — Ellabell, GA
I-16 & Highway 280, Ellabell, GA 31308
An opportunity to acquire fee simple ownership of a NNN ground lease, owned by Berkshire Hathaway, located in Bryan County, Georgia within the Savannah MSA. The site is strategically positioned at the NE quadrant of I-16 and Highway 280, directly opposite the Hyundai EV Plant, which represents a significant investment in the region. The NNN ground lease began on March 1, 2024, for a 20-year term, expiring on February 29, 2044. The Net Operating Income is $360,000 annually for the first five years, with scheduled increases starting in Year 6 and continuing every five years thereafter. The property is fully developed, and the business commenced operations on July 20, 2024. The site is located in Bryan County, Georgia, a submarket of Savannah at Exit 143 on I-16, 14 miles from the interchang…
- Address: I-16 & Highway 280, Ellabell, GA 31308
- Asking price $6.26M
- 5.75% cap rate
- NOI $360,000
- 17.5 years remaining
- NNN lease
- Lot size: 10.00 acres
- Lease expiration: Feb 29, 2044
- Rent increases: Year 6; every 5 years thereafter
- Guarantor: Corporate
Location
This Pilot property is at I-16 & Highway 280 in Ellabell, Georgia.
Asset type: Land