Property summary
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.
Property profile
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Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Zoning
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