7 E Derenne Ave Savannah, GA 31405

Listing agency Matthews Show Phone

Listed by Hutt Cooke · License #AL 000168807 - 0

Source Crexi

Added: Apr 11 Updated: Jul 22 at 7:57PM Checked: Jul 22 at 7:57PM

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Investment Insights

Based on property information with market context.

This offering is for a single-tenant retail building occupied by Chick-fil-A. The property is a 4,978-square-foot building leased under a brand new 15-year absolute NNN ground lease with 2% annual increases. The tenant has started paying rent and is expected to open for business in February 2023.

The property is located at the intersection of E Derenne Ave and White Bluff Rd in Savannah, Georgia. The White Bluff Rd corridor is reported to see over 70,000 vehicles per day.

As a single-tenant NNN ground lease asset, the building is presented with long-term lease structure and scheduled 2% annual increases.

Key Highlights

• 4,978 SF single‑tenant Chick‑fil‑A building on an absolute NNN ground lease
• Brand new 15‑year absolute NNN ground lease with 2% annual rent increases
• Location at the intersection of E Derenne Ave and White Bluff Rd with 70,000+ VPD

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FAQs

What type of property is this?

NNN property - Single-tenant retail building leased on an absolute NNN ground lease with 2% annual increases.

Where is this nnn property located?

The property is located at 7 E Derenne Ave Savannah, GA.

What are key features of this property?

This property features: 4,978 SF single‑tenant Chick‑fil‑A building on an absolute NNN ground lease; Brand new 15‑year absolute NNN ground lease with 2% annual rent increases; Location at the intersection of E Derenne Ave and White Bluff Rd with 70,000+ VPD