12056 Abercorn St
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12056 Abercorn St
32,632 SF 100% Leased Retail Building Savannah, GA 31419 $8,400,000 ($257/SF) 6% Cap Rate
Investment Highlights
- Long-term leases with Gerber Collision & Glass and DriveTime, providing stable and reliable income.
- High-traffic area near major retailers and Georgia Southern University, driving strong demand and visibility.
- 2-3% annual rent growth ensures consistent revenue escalation over time.
Executive Summary
This offering features two well-established national tenants, Gerber Collision & Glass and DriveTime, both secured with long-term,
corporate-backed leases. Located in the rapidly growing Savannah, GA market, this property benefits from high traffic exposure along Abercorn Street and proximity to major regional retailers. This investment offers a NN lease structure, minimizing landlord responsibilities, with rare annual rent increases of 2-3%, ensuring consistent income growth. Positioned in a prime location with growing demand, this property offers investors a stable, high-quality asset with reliable cash flow and potential for future appreciation.
corporate-backed leases. Located in the rapidly growing Savannah, GA market, this property benefits from high traffic exposure along Abercorn Street and proximity to major regional retailers. This investment offers a NN lease structure, minimizing landlord responsibilities, with rare annual rent increases of 2-3%, ensuring consistent income growth. Positioned in a prime location with growing demand, this property offers investors a stable, high-quality asset with reliable cash flow and potential for future appreciation.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
32,632 SF
Building Class
B
Year Built/Renovated
1978/2002
Price
$8,400,000
Price Per SF
$257
Cap Rate
6%
NOI
$504,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
6.03 AC
Zoning
PUD-B-C - Commercial
Parking
299 Spaces (9.16 Spaces per 1,000 SF Leased)
Frontage
281 FT on Abercorn St
Amenities
- Banking
- Bus Line
- Pylon Sign
- Signage
- Storage Space
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2078102001 | Improvements Assessment | $1,132,800 |
| Land Assessment | $1,465,280 | Total Assessment | $2,598,080 |
PROPERTY TAXES
Parcel Number
2078102001
Land Assessment
$1,465,280
Improvements Assessment
$1,132,800
Total Assessment
$2,598,080
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12056 Abercorn St
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