About This Restaurant
Investment Highlights
Located near the Iconic Savannah Globe High traffic corridor Feet from hunter Army Air Field
Executive Summary
CBRE is pleased to exclusively offer for sale the 2,559-square-foot Starbucks situated on 0.86 acres in Savannah, GA (MSA Population: 424,285)?an economic region in coastal Georgia that is largely driven by the Port of Savannah, military, healthcare and hospitality. Starbucks? NNN lease features ?9.8 years of term remaining with a 12.5% rent increase in year 6 (2029) and in each of the four 5-year options.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 2,559
- Building Class B
- LoopNet Rating 4 Star
- Year Built 2023
- Price 3,204,000
- Price Per SF 1,252
- Cap Rate 5.15
- NOI 165,006
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 0.89 AC
Nearby Amenities & Transportation
| Retail | Krystal | ||
| Retail | Parker's Kitchen | ||
| Retail | Starbucks | ||
| Retail | Rent-A-Center | ||
| Retail | Checkers | ||
| Retail | Pure Barre | ||
| Retail | Bonefish Grill | ||
| Retail | Five Guys | ||
| Retail | Publix | ||
| Retail | Cyclebar |
Property Taxes
| Parcel Number | 2012702001 | Improvements Assessment | $488,360 |
| Land Assessment | $625,640 | Total Assessment | $1,114,000 |
| Date Created: | 2024-07-16 04:13:34 | Last Updated: | 2024-07-16 04:13:34 |
| Address: | 11 E Derenne Ave , Savannah, Georgia, 31405 | ||