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
| Parcel Number | 2012702011 | Improvements Assessment | $385,080 |
| Land Assessment | $460,000 | Total Assessment | $845,080 |
