ALDI | Savannah, GA

Sands Investment Group is Pleased to Exclusively Offer For Sale the Ground Lease Property Located at 14070 Abercorn Street in Savannah, Georgia.

  • Corporately Guaranteed 20 Year Absolute Triple Net (NNN) Ground Lease From ALDI
  • 2019 Construction
  • 10% Rent Bumps Every 5 Years
  • Over 42,000 VPD Along Abercorn Street – the Major North-South Artery in Savannah That Stretches From the Historic District to I-95
  • Strong Retail Trade Area With Low Vacancy – Adjacent to Walmart Supercenter and Across From Savannah Mall, Which is Anchored By Bass Pro, Target and Belk
  • The Savannah MSA Has a Population of 389,494 Residents With a Average Household Income of $71,482 and a Population Growth Rate Above the Nation Average
  • Savannah’s  Total Number of Visitors in 2018 Increased to 14.5 Million Compared to 14.1 Million in 2017 – Savannah’s Visitors Spent a Record Breaking $3 Billion in 2018 – an Increase of 3.2% Compared to the $2.91 Billion Spent in 2017
  • For the Past 10 Years, the Port of Savannah Has Grown Faster Than Any Other Major Port in the United States, Achieving a Compound Annual Growth Rate of 4.5%; Georgia Ports Authority (GPA) Handled 4.2 Million Twenty-Foot Equivalent Containers Units (TEUs) in Fiscal Year 2018, For an Impressive 8.4% Increase Year Over Year, or 325,000 Additional Units
  • For the Eighth Year in a Row, ALDI Was Recognized as the Value Leader Among U.S. Grocery Stores By a Market Force Information® Survey of U.S. Consumers – Currently, ALDI Has Over 1,600 Stores Across 35 States; By the End of 2022, ALDI Plans to Have Nearly 2,500 Stores Open in the U.S. and It’s on Track to Become the Third-Largest Grocery in the U.S. By Store Count
  • Select Nearby Tenants Include: Walmart, Kroger, Target, Bass Pro Shop, Big Lots, Burlington Coat Factory, McDonald’s, Regal Cinemas, Staples, Home Depot, Hobby Lobby, PetSmart, Lowe’s, Outback Steakhouse, Chick-fil-A and Many More

In Cooperation with Sands Investment Group Atlanta, LLC – Lic. # H-67374

View Similar Investment Opportunities

Read additional thought leadership content from SIG, specializing in absolute triple net lease opportunities