501 Northridge St
Rincon, GA 31326
Anytime Fitness · Retail Property For Sale

Marcus & Millichap is pleased to exclusively present an absolute NNN leased investment opportunity in Rincon, Georgia (Savannah MSA). The investment property is subject to a ten year absolute NNN lease with no landlord responsibilities to the world' s largest and fastest growing 24 hour fitness franchise. The subject property is located just 18 miles north of Savannah and positioned off Georgia State Route 21 with estimated average daily traffic counts of 28,500 in 2015. The route is part of the Savannah River Parkway and is being considered for inclusion into Interstate 3, a future Interstate Highway proposed to connect Savannah with Knoxville, Tennessee. The Savannah MSA is the third most populous MSA in Georgia and one of the fastest-growing metro areas in the state. As suburban development has expanded outward from Savannah, the population of Rincon has grown rapidly in the last three decades, rising nearly 67% since 2000 in a five mile radius of subject property. The single tenant net leased property consists of approximately 7,600 square feet situated on 1.03 acres. Nearby traffic generators include a Walmart Supercenter, Lowe' s Home Improvement and an 115,000 square foot Kroger Marketplace Store currently under development. The roadway was recently widened to six lanes due to traffic expected from nearby retailers and commuters. In addition, the Effingham County Industrial Development Authority and OmniTRAX, a private railroad and transportation management company, announced in March 2016 that they have formed a partnership to develop the 2,600-acre Research Forest tract near the subject property. The land is worth an estimated $300 million once the infrastructure is built and has the potential for thousands of additional jobs.