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Single-Tenant | 8% Cap Rate | 14-Year Lease

761 Wheaton St, Savannah, GA 31401
Available Now
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FOR SALEOffice / Executive
Cap Rate
8%
NOI
$110,445
Building Size
110,445SF
Parking Info
402 spaces
Lot Size
6.49Ac
Year Built
2004
Listing Contacts
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More property details

Year Renovated
2019
Zoning
IL
Occupancy
100%
Tenancy
Single Tenant
Currently Leased
No
Property Class
A
No of Buildings
1
No of Stories
5

Location

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Single-Tenant | 8% Cap Rate | 14-Year Lease
About the location

Marketing Description

This offering presents the opportunity to acquire a beautiful five-story, ±110,445-square-foot office building situated on ±6.49 acres in Savannah, Georgia, fully leased to the State of Georgia. Originally developed in 2004 for the Georgia Department of Children and Family Services (DFCS) under a 15-year lease, the property’s lease was renewed in 2019 for a 20-year term, with approximately 14 years remaining. The tenant benefits from below-market rent due to a favorable property tax exemption structure, increasing the likelihood of long-term occupancy beyond the current lease term.

The Georgia Division of Family and Children Services (DFCS) plays a critical role in the Savannah and Chatham County communities by providing essential services, including child welfare protection, foster and adoption services, and administration of public assistance programs such as SNAP, Medicaid, and TANF.

Strategically positioned in the path of progress, the property sits within one of Georgia’s most dynamic and growing metropolitan areas. Savannah continues to experience strong economic expansion, population growth, and a thriving tourism sector, making this a stable, long-term government-leased investment opportunity in a high-growth market.

Documents

FILE
Offering Memorandum 761 Wheaton__.pdf
17.93 MB · Listing document
Single-Tenant | 8% Cap Rate | 14-Year Lease
110,445 SF · office · United States · GA
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