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I-16 and US Highway 280
Ellabell, GA 31308

$7,200,000 USD

Land For Sale  •  10 AC

Property Details

  • Property Type Land
  • Lot Size 10 AC
  • Zoning C-1
0 Transit Score
20 Walk Score

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 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. 

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.

Highlights

NNN Pilot Ground Lease (20 years) | For Sale
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)
Directly Across from Hyundai EV Metaplant

Property Flyers

Public Transportation

AirportDriveWalkDistance
Savannah/Hilton Head International 32 min - 22.4 mi
Adam Bryant 912-667-2740 SVN GASC
Adam Bryant 912-667-2740 SVN GASC