Dollar Tree Net Lease Investment Opportunity | New Construction | 6.5% Cap Rate | Savannah, GA
14094 Abercorn St
Savannah, GA 31419
Highlights
- First new Dollar Tree prototype store in the U.S., with planned opening in June 2026, located on busy Abercorn St with over 62,000 VPD.
- Trophy location - 10,000 SF store on large ±4.5 acre outparcel to a Walmart and adjacent to Aldi’s and Verizon and across from the Savannah Mall.
- Other nearby retailers across the street include Dillard’s, Bass Pro Shop, Target, & Starbucks.
- New 10-year NN lease with limited landlord responsibilities with four 5-year renewal options.
- Located in the Savannah MSA with a population of over 431,000, representing 7% growth since 2020.
- Strong corporate guarantor – Dollar Tree with over 9,000 stores and growing.
Description
Dollar Tree’s first new design prototype store in Savannah, GA is planned to open in March 2026. This trophy location featuring a ±10,000 SF store situated on a large ±4.5- acre parcel on Abercorn St. took the developer over two years to secure! Traffic counts in this busy retail corridor are over 62,000 VPD!
The new store is an outparcel to Walmart, Murphys USA gas station, Aldi, and adjacent to Verizon. The Savannah Mall, anchored by Bass Pro Shops, Target, Starbucks, and Dillard’s, is directly across the street. Other nearby retailers include The Home Depot, Lowe’s, Hobby Lobby, and Largo Plaza, anchored by Publix, all within 2 miles of the property.
In addition, Georgia Southern University’s Armstrong Campus is less than a mile east, also on Abercorn St. Hunter Army Airfield is approximately 6.4 miles northeast of the property and downtown Savannah is approximately 14 miles from it.
The new 10-year NN lease has limited landlord responsibilities – roof, structure, and parking lot capital expenses. The Tenant is responsible for all other maintenance, reimbursement of property taxes and Landlord’s property insurance. The lease has four 5-year options, with rent escalations and is corporate guaranteed by Chesapeake, VA based Dollar Tree with over 9000 stores in the U.S.
Savannah, a well-known tourist and port city, has a population of over 431,500, up 7% since 2020. The 5-mile population from the new Dollar Tree is 76,735 with an average household income of $86,824.
This property is located in Savannah, GA.
