Corp. Verizon | Savannah, GA | Across from Regional Mall

14086 Abercorn Street, Savannah, GA

$3,300,000

Price

6.35%

Cap Rate

5,250 sqft

Building Size

Overview
Cap Rate
6.35%
Building Size
5,250 sqft
Lease Type
Double Net
Description

This offering in Savannah, Georgia consists of a net-lease, single-tenant Verizon with a corporate guaranty from Cellular Sales of Knoxville. Cellular Sales is one of the largest Verizon operators in the nation with 600+ locations. The property is on one of the busiest thoroughfares in Savannah (43,000 cars per day) across from a Regional Mall (anchored by Target, Dillard’s and Bass Pro Shops), and adjacent to a Walmart Supercenter, a newly built ALDI market, and a Murphy Gas Station. Verizon has been at this location for over 7 years and recently exercised a new 7 year extension. Savannah is located approximately 4 hours southeast of Atlanta and is one of the more popular tourist destinations in the state with over 14 million annual visitors. There are over 76,800 people within 5 miles of this location plus an additional daytime location of over 40,000 more!

Highlights
  • Net Leased Single Tenant Verizon
  • New 7 Year Lease Extension
  • Corporate Guaranty by Cellular Sales (600+ locations)
  • Directly adjacent to Walmart Supercenter / new ALDI
  • Located on Abercorn Street (43,000 cars per day)
  • Located across from Regional Mall (Target / Bass Pro Shops)
  • 76,800 People / $68,500 Avg HH Income within 5 Miles
Documents
Title
SavannahGA_Verizon-Investment_Offering-RS.pdf
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Location
Gallery