This Retail Property is no longer advertised on LoopNet.com.

7 E Derenne Ave
Savannah, GA 31405

Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Long-Term Lease – Chick-Fil-A has an initial lease term of 15 years, allowing for a long-term investment
  • Options to Extend Lease – Chick-Fil-A has Ten, 5-year options to extend the lease
  • ZERO Landlord Obligations – The tenant in on an absolute NNN ground lease allowing for a truly passive investment
  • Above Market Increases – The lease boasts from 2% annual increases in the base term and the options, allowing for a strong hedge against inflation

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
3,428 SF
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.20 AC
Zoning
Fast Food Restaurant
Parking
58 Spaces (16.92 Spaces per 1,000 SF Leased)

PROPERTY TAXES

  • Listing ID: 27849513

  • Date on Market: 2/28/2023

  • Last Updated:

  • Address: 7 E Derenne Ave, Savannah, GA 31405