11710 Abercorn St Savannah, GA 31419

Property Details for 11710 Abercorn St

Year built

2019

Lot size

0.46 lot acres

Property size

1,558 SF

Property type

Retail space

Property subtype

Storefront properties

Description

This exceptional investment opportunity presents a 1,558-square-foot Tropical Smoothie Cafe situated on a 0.46-acre lot at 11710 Abercorn St, Savannah, GA 31419. Built in 2019, the property boasts a 15-year remaining lease term (expiring December 1, 2039) with a corporate guarantee from DYNE Hospitality Group, a major franchisee operating over 100 units. The absolute NNN lease features 1.5% annual rent increases, ensuring consistent income growth. The property enjoys a high-traffic location on Abercorn Street (45,500+ vehicles per day), benefiting from proximity to major retailers including Publix, Lowe's, Home Depot, Hobby Lobby, Chick-fil-A, and CVS. Its strategic placement adjacent to St. Joseph's Hospital (714 beds) further enhances its appeal. The strong demographics of the area, with over 83,981 residents within a 5-mile radius and an average household income exceeding $93,228, contribute to the property's robust performance. The current Net Operating Income (NOI) stands at $119,124, yielding a 5.75% cap rate on the $2,072,000 asking price. The lease includes two 5-year renewal options, providing long-term stability and potential for future appreciation. This is a turnkey investment with exceptional returns in a thriving Savannah market that attracts over 17 million visitors annually. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any portfolio.