Retail Business for Sale in Savannah, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Savannah, GA 31419

Description

Offered for sale is an absolute net leased Ruby Tuesday located in Savannah, Georgia. The tenant has operated at this location since 2008 under an absolute net lease requiring full responsibility for all property-level expenses, with an 18-year operating history. The 2.59-acre site is positioned at the convergence of Interstate 95 and Abercorn Street (108,358 VPD combined) within a dense hospitality corridor surrounded by more than 25 hotels and regional demand drivers. Investment Highlights: • Absolute Net Lease With 1.7 Years Remaining | 18-Year Operating History • Large 2.59-Acre Site • Located Near the Interstate 95 Interchange With Abercorn Street (108,358 VPD Combined) • Positioned Within Dense Hospitality Corridor With 25+ Hotels • Affluent Trade Area With $101,700 Average Household Income and Strong Population Growth (5-Mile Radius) • Ruby Tuesday: 210+ Locations Nationwide With Strong Southeast Presence • Savannah MSA: 423,000+ Population | 3.7% Growth | 17M Annual Visitors

Market Context

This retail in Savannah, GA is listed for sale. It is offered at an approximate 8.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 53 days. Compare it against other retail listings for sale in Savannah, GA — <a href="/search/sale/retail/georgia/savannah">view the full market</a>.

As of Q3 2017, the Savannah retail market showed a 0.5% vacancy rate, and rents up 20.0% year over year. Source: Colliers Q3 2017 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Savannah retail market tightening or softening?
Vacancy is around 0.5%, with asking rents rising year over year (Q3 2017).

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