I-16 & Highway 280

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Address: I-16 & Highway 280

Atlanta & Southeast + Land/Development

Created date: February 8, 2024

Date last updated: November 26, 2024

NNN Pilot Ground Lease (20 Years)
Berkshire Hathaway owns 80% of Pilot
Lease Term: 03/01/24 to 02/29/44
NOI: $360,000; 5% Capitalization Rate
±10-Acre Interstate Site (I-16 @ Exit 143)
Directly Across from Hyundai EV Metaplant

Property Description

SVN is pleased to present an opportunity to acquire fee simple ownership of a NNN Pilot Ground Lease, which is majority owned by Berkshire Hathaway in Bryan County, Georgia within the Savannah MSA. The site is located at the NE quadrant of I-16 and Highway 280, which is directly across from the Hyundai EV Plant and represents a direct investment of $5.5 Billion while suppliers and vendors represent an additional $1.5 Billion to date. The NNN ground lease commenced March 1, 2024 for a period of (20) years with an expiration date of February 29, 2044. Net Operating Income is $360,000 annually in years 1 through 5 with increases in Year 6 and every 5 years thereafter. The project is now completely built out and the business opened on July 20, 2024.

Available

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Land/Development
Price:	$7,200,000
Lot Size:	10.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here