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7810 Abercorn StSavannah, GA 31406
Valvoline | High Growth Savannah, GA |
Asset ClassRetail
Cap Rate5.25%
Outparcel to 963K SF Oglethorpe Mall |
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a Valvoline in Savannah, GA. Valvoline has recently signed a 15 year ground lease to which commences in June, 2025. The Asset is well positioned in the primary retail corridor of Savannah, as an outparcel to Oglethorpe Mall and is a part of larger mix-used redevelopment including a 240 unit apartment complex.

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Investment Highlights

STRONG LEASE FUNDAMENTALS

  • Ground Lease - Providing a hands off investment - Zero Landlord Responsibilities
  • 10% Increases in current term and in option periods

EXPERIENCED FRANCHISEE

  • QAS (Quality Auto Service) was established in 2001 and is the second largest franchisee of Valvoline
  • More than 200 locations across 13 state headquartered in Charlotte, NC

LOCATED IN HUGE RETAIL CORRIDOR

  • Over 4.1MSF of retail space located in a 1-mile radius
  • Property is an Outparcel to the 936K SF Oglethorpe Mall
  • Anchor Tenants include: Belk, JCPenney, and Macy’s
  • The mall vacancy rate is currently 0%
  • The mall boasts just under four million visits annually bringing clients to Valvoline daily

SAVANNAH, GA MSA

  • The Savannah, GA MSA is the third most populated MSA in Georgia behind only Atlanta and Augusta
  • From 2010 to 2020 the Savannah, GA MSA was the fastest growing area in all of Georgia

HUNTER ARMY AIRFIELD

  • Site is located next to the 5,370 acre 3d infantry Division Marine Division Airfield
  • The airfield is home to more than 5,700 soldiers and employs more than 25K people providing a significant economic impact on the Savannah, GA area

HIGHLY ACCESSIBLE LOCATION

  • Valvoline is located on a prominent
  • hard corner at the intersection of White Bluff Blvd (15.5K VPD)
  • Convenient access to a large lot with excellent parking ratio
  • Outparcel of shopping center, benefiting from traffic flow from surrounding retail
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7810 Abercorn StSavannah, GA 31406

Sales Team

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Listing provided by Revere CRE