ALDI Grocery Store Investment
For Sale
Contact for pricing
Pending
14070 Abercorn St, Savannah, GA 31419
ALDI NNN leased investment property in Savannah, GA for sale.
Property Size20,000 SF
Days on Market212
Property Features for 14070 Abercorn St
General Information
Standard status
Pending
Size
20,000 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$143,000
Building Details
Year Built
2019
Buildings
1
Tenancy
Single
Listing Agency:
Graystone Capital Advisors
Listed By:
Jared Meyers · License #UT 5722105-PB00
Source:
Crexi
Added: Jan 20
Changed: Aug 8
Last Checked: Aug 19 at 7:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Graystone Capital Advisors
Investment Insights
Based on property information with market context.
This ALDI grocery store investment property is located in Savannah, GA. Constructed in 2019, ALDI operates this location under a 20-year absolute NNN corporate ground lease with 15 lease years remaining. The lease agreement features 10% rent increases every five years, and six 5-year renewal options. The property is ideally located adjacent to a Walmart Supercenter and directly across the street from Target and the Savannah Mall. Other retailers operating close by include Lowe’s, Publix, and The Home Depot. Additionally, the subject property is located less than 1 mile from Georgia Southern University, and only 5 miles from Hunter Army Airbase. This location benefits from very high AADT of 63,900 on Abercorn Street and over 76,000 residents living within 5 miles. The property is suitable for commercial real estate and specialty property use.
Key Highlights
- Absolute NNN corporate ground lease with 15 years remaining, providing a passive investment.
- Located adjacent to a Walmart Supercenter and directly across from Target and the Savannah Mall, ensuring high visibility and traffic.
- Lease includes 10% rent increases every five years, and six 5‑year renewal options, offering increasing returns.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$227,035
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,540,700
$4.5M
Cap Rate 7%
$3,243,357
$3.2M
Cap Rate 9%
$2,522,611
$2.5M
Market Conditions
NOI Build-Up for 20,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$348.0K $17.40/SF
− Vacancy
−$23.7K −$1.18/SF
EGI
$324.3K $16.22/SF
− OpEx
−$97.3K −$4.87/SF
NOI
$227.0K $11.35/SF
Area
Savannah, GA
Vacancy
6.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,540,700
Cap Rate 7%
$3,243,357
Cap Rate 9%
$2,522,611
Alternative Uses
Best Use
Specialty Retail
$4.01M
$3.51M – $4.68M
NOI $280,665 @ 7.0% cap · market cap 9.81%
Second Best
Retail
$3.24M
$2.84M – $3.78M
NOI $227,035 @ 7.0% cap · market cap 7.94%
Theoretical Best
Warehouse
$18.69M
$16.35M – $21.81M
NOI $1,308,391 @ 7.0% cap · market cap 45.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
385k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 47%
Apparel 21%
Shops & Services 14%
Dining 13%
Target
Superstores
110,195 visits/mo
0.3 miles
Walmart
Superstores
70,139 visits/mo
0.1 miles
Bass Pro Shops
Apparel
59,770 visits/mo
0.3 miles
McDonald's
Dining
32,564 visits/mo
0.4 miles
Dillard's
Apparel
20,081 visits/mo
0.4 miles
Demographics for 31419, GA
55,413
Population
24,862
Households
2.2
Avg Household Size
35
Median Age
34%
College-Educated
91%
High-School Grad
72.9 sq mi
ZIP Area
760
Density / Sq Mi
$70,734
Median Household Income
$35,804
Median Earnings
$1,344
Median Rent
$239,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Target Grocery — 14065 Abercorn St, Savannah, GA 31419
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - ALDI NNN leased investment property in Savannah, GA for sale.
Where is this grocery and convenience store located?
The property is located at 14070 Abercorn St Savannah, GA.
What is the asking price?
The asking price for this property is $2,860,000.
What are key features of this property?
This property features: Absolute NNN corporate ground lease with 15 years remaining, providing a passive investment.; Located adjacent to a Walmart Supercenter and directly across from Target and the Savannah Mall, ensuring high visibility and traffic.; Lease includes 10% rent increases every five years, and six 5‑year renewal options, offering increasing returns.
