NNN Pilot Ground Lease (20 Years)

I-16 & Highway 280 Ellabell, GA 31308

I-16 & Highway 280, Ellabell, GA, 31308
Pilot Rendering
I-16 & Highway 280, Ellabell, GA, 31308 I-16 & Highway 280, Ellabell, GA, 31308 I-16 & Highway 280, Ellabell, GA, 31308 I-16 & Highway 280, Ellabell, GA, 31308 I-16 & Highway 280, Ellabell, GA, 31308 I-16 & Highway 280, Ellabell, GA, 31308 I-16 & Highway 280, Ellabell, GA, 31308 I-16 & Highway 280, Ellabell, GA, 31308 I-16 & Highway 280, Ellabell, GA, 31308 I-16 & Highway 280, Ellabell, GA, 31308
FOR SALE
Property Type:
Other Land
Amount:
$7,995,000
Last Verified:
Feb 08, 2024

Daily Email Blast
0 times


Highlights

  • NNN Pilot Ground Lease (20 Years)
  • Berkshire Hathaway owns 80% of Pilot
  • ±10-Acre Interstate Site
  • NOI: $360,000
  • 4.5% Capitalization Rate

Description

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 will commence in March 2024 for a period of (20) years with an expiration of March 2044. Net Operating Income is $360,000 annually in years 1 through 5 with increases in Year 6 and every 5 years thereafter.

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.

Lot Size: 10.0 acres


Documents

Pilot_16&280_GroundLease_OM

Map of I-16 & Highway 280, Ellabell, GA, 31308

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.