12056 Abercorn St Savannah, GA 31419-1996
- Auto shops
- 32,632 SF
- 6.03 lot acres
Current Use by Public Records
- DriveTime Used Cars / Used Car Dealer / Car Dealer
- Gerber Collision & Glass / Auto Body Shop / Auto Bodywork Mechanic
Property Details for 12056 Abercorn St
- Year built
- 2002
- Lot size
- 6.03 lot acres
- Property size
- 32,632 SF
- Zone code
- PUDBC
- Property type
- Auto shops
- APN
- 2-0781 -02-001
- APU
- 2078102001
Description
This exceptional investment opportunity presents a 32,632 square foot, single-story retail property located at 12056 Abercorn Street in Savannah, Georgia (31419). The property, built in 1978 and renovated in 2002, sits on a 6.18-acre lot and is zoned B-C. It boasts 100% occupancy with two national tenants: DriveTime and Gerber Collision & Glass, both operating under long-term, net-lease agreements with corporate guarantees. The asking price is $8,400,000, representing a pro-forma cap rate of 6.00% and a price per square foot of $257.42. The lease structure is a triple-net (NNN) lease, minimizing landlord responsibilities. Annual rent increases of 2-3% are built into the leases, ensuring consistent income growth. This prime Savannah location benefits from high traffic visibility on Abercorn Street and proximity to major retailers. The property's strong tenant base, favorable lease terms, and strategic location make it an attractive investment with significant potential for future appreciation. The property features a single building with two units. The parcel number is 20781 02001. This is a privately held investment.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $570,000
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Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.156
- Latitude
- 31.9825
- CBSA code
- 42340
- CBSA name
- SAVANNAH, GA METROPOLITAN STATISTICAL AREA
