Highlights
•Lease term through October 31, 2029 (no tenant renewal options) •Current annual rent of $618,000 ($51,500 per month) •2025 property taxes: $16,869.56 •Annual NOI: $601,130.44 •3% annual rent increases each November •±16,988 SF corner site •Zoning: BC1 – Central Business with Historic District Overlay •Landlord right to cancel lease upon sale or redevelopment •Flexible zoning allowing for a range of redevelopment options •Rapidly increasing parking demand in the immediate area
Description
This offering presents the opportunity to acquire a single-tenant, double net (NN) leased investment property featuring a strong tenant, a highly functional use, and meaningful long-term redevelopment potential. The lease includes 3% annual rental escalations each November, providing steady income growth, while landlord responsibilities are limited to property taxes—creating a low-expense, management-light investment. Situated on an approximately ±16,988-square-foot corner parcel, the property is strategically positioned in the path of progress within Savannah’s rapidly evolving North Historic District. The location benefits from increasing density, tourism growth, and expanding hospitality development. Notably, parking demand in the immediate area is accelerating, with two new hotels currently under development within one block—further enhancing both the income stability and future redevelopment value of the site. Additionally, the landlord retains the right to terminate the lease upon sale or redevelopment, offering flexibility and optionality for future repositioning.
Listing Details
- Space Type
land
- Sub Category
commercial
- Date Listed
2/12/2026
Property Specifics
- Property Name
Single-Tenant Investment or Development Site | Savannah, GA
- Lot Size
16,988 SF
- APN
20004 41013, 20004 41012, 20004 41009
- Zoning
BC1