This property has sold.
Details: Retail
Asking Price: $1,951,000
Square Feet: 7,225 SF
Asking Cap Rate: 5.20%
Year Built: 2020
NOI: $101,468
Lease Structure: Absolute NNN
SOLD – O’Reilly Auto Parts
11305 White Bluff Rd, Savannah, GA 31419
THE OPPORTUNITY
- 20 Year Initial Term through 12/31/2039
- Net Lease structure with minimal Landlord Responsibilities:
- Roof, Structure
- 20 Year Roof Warranty; coverage for entirety of initial term
- Two rent increases throughout the initial term, providing inflation protection
- Corporate Guarantee
- Essential auto parts retailer with nearly 6,000 locations nationwide
- Four, 5-year options with 6% rent escalations at each new term
THE HIGHLIGHTS
- Excellent trade area adjacent to new Walmart Neighborhood Market and nearby major retailers Lowe’s, Hobby Lobby, Publix, and Home Depot
- Centrally located to several neighborhoods and multifamily developments
- 2022 Population
- 1 Mile – 11,214
- 3 Mile – 44,759
- Proximity to Abercorn St (41,000 VPD), a major Savannah thoroughfare
- Site benefits from visibility at signalized intersection of White Bluff Rd and Wilshire Blvd, which sees 25,000 VPD
- Port of Savannah one of the largest and fastest-growing in the country
This property has sold.