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Herc Rentals | Port of Savannah 510 Bourne Ave 8,850 SF Industrial Building Garden City, GA 31408 $2,950,000 ($333.33/SF) 5.75% Cap Rate
Investment Highlights
- • Corporate Lease with Herc Rentals, Inc | NYSE: HRI (3rd Largest Equipment Rental Company in the U.S.)
- • Original 15-Yr NNN Lease | Minimal LL Responsibilities (8.5+ Years Remaining | Annual CPI Increases (No Cap))
- • Original Build to Suit Equipment Rental Facility (28+ Year Occupancy Through Multiple National Brands)
- • Former Tenant Acquired via a $5.3 Billion Merger (Herc Purchased H&E Equipment Services June 2025)
- • Proximity to Port of Savannah & SAV Airport | 1.3 Miles (Largest Single Container Port in North America)
- • Part of the Savannah MSA | 3rd Largest in Georgia (High Growth Major Logistics Hub)
Executive Summary
• Corporate Lease with Herc Rentals, Inc | NYSE: HRI
- 3rd Largest Equipment Rental Company in the U.S.
• Former Tenant Acquired via a $5.3 Billion Merger
- Herc Purchased H&E Equipment Services June 2025
• Original 15-Yr NNN Lease | Minimal LL Responsibilities
- 8.5+ Years Remaining | Annual CPI Increases (No Cap)
• Proximity to Port of Savannah & SAV Airport | 1.3 Miles
- Largest Single Container Port in North America
• Original Build to Suit Equipment Rental Facility
- 28+ Year Occupancy Through Multiple National Brands
• Part of the Savannah MSA | 3rd Largest in Georgia
- High Growth Major Logistics Hub
• Quick Access to Interstate-95 & Interstate-16
- Less than a 10 Minute Commute to Both Systems
• High Barrier to Entry Market for Outdoor Storage
- 2.6% Submarket Vacancy Rate (CoStar)
• Year Over Year Consistent Population Growth
- Over 14% Increase in the Last 10 Years
- 3rd Largest Equipment Rental Company in the U.S.
• Former Tenant Acquired via a $5.3 Billion Merger
- Herc Purchased H&E Equipment Services June 2025
• Original 15-Yr NNN Lease | Minimal LL Responsibilities
- 8.5+ Years Remaining | Annual CPI Increases (No Cap)
• Proximity to Port of Savannah & SAV Airport | 1.3 Miles
- Largest Single Container Port in North America
• Original Build to Suit Equipment Rental Facility
- 28+ Year Occupancy Through Multiple National Brands
• Part of the Savannah MSA | 3rd Largest in Georgia
- High Growth Major Logistics Hub
• Quick Access to Interstate-95 & Interstate-16
- Less than a 10 Minute Commute to Both Systems
• High Barrier to Entry Market for Outdoor Storage
- 2.6% Submarket Vacancy Rate (CoStar)
• Year Over Year Consistent Population Growth
- Over 14% Increase in the Last 10 Years
Data Room Click Here to Access
Property Facts
| Price | $2,950,000 | Rentable Building Area | 8,850 SF |
| Price Per SF | $333.33 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1997 |
| Cap Rate | 5.75% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.26/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 3.10 AC | ||
| Zoning | I-H | ||
| Price | $2,950,000 |
| Price Per SF | $333.33 |
| Sale Type | Investment NNN |
| Cap Rate | 5.75% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.10 AC |
| Rentable Building Area | 8,850 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Tenancy | Single |
| Parking Ratio | 2.26/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | I-H |
Amenities
- Fenced Lot
- Signage
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Property Taxes
| Parcel Number | 6089101039 | Improvements Assessment | $182,080 |
| Land Assessment | $472,000 | Total Assessment | $654,080 |
Property Taxes
Parcel Number
6089101039
Land Assessment
$472,000
Improvements Assessment
$182,080
Total Assessment
$654,080
Contacts
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Rory Shelby -
Scott Gould -
Christopher Biuso -
Spencer Koch -
Caitlin Lancaster -
Marcus & Millichap
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Videos
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Photos
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Map
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Herc Rentals | Port of Savannah | 510 Bourne Ave
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