4 Gtwy E Blvd Savannah, GA 31419-7554

Property Details for 4 Gtwy E Blvd

Year built

2006

Lot size

2.39 lot acres

Property size

47,913 SF

Zone code

PBC

Property type

Hotels

APN

1-1028 -01-072

APU

1102801072

Description

This exceptional investment opportunity features a 5,496 square foot IHOP restaurant located at 4 Gateway Blvd E, Savannah, GA 31419. The property sits on a 1.5-acre lot and includes 85 parking spaces. Built in 1990, this single-story building is currently operating at 100% occupancy under a Net Lease (NNN) agreement with IHOP. The lease commenced July 1, 2012, and has a remaining term of approximately 7.6 years, expiring June 30, 2032, with three 5-year renewal options, each including a 10% rent increase. The property boasts a strong financial performance, with a Net Operating Income (NOI) of $199,644 and a 6.85% cap rate. The asking price is $2,914,511. The property is zoned P-BC and benefits from a high-traffic location, visible from Interstate 95, serving a population exceeding 51,000 residents within a 5-mile radius, with an average household income exceeding $101,000. This turnkey investment offers a stable and income-generating asset with significant potential for long-term growth. The property is well-maintained and presents a compelling opportunity for investors seeking a strong return on investment in a thriving market.

Location Insight

City

Savannah

County

Chatham

State

Georgia

Longitude

-81.2797

Latitude

32.0049

CBSA code

42340

CBSA name

SAVANNAH, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments