Jim 'N Nick's Ground Lease
Closed147 Traders Way, Pooler, GA 31322
Property type
Retail
Unit / Space count
1
Price
$4,340,000
Building size
7,075 sf
Rentable area
7,075 SF
Year built
2018
Year renovated
Occupancy
Zoning code
Lot size
1.50 Acres
Sold/status
Sold · Date unknown
Sale price
$4340000
Property description
Opportunity to acquire a newly developed Jim ‘N Nick’s location in Pooler, GA. Pooler is a suburb of Savannah, and home to the Savannah/Hilton Head International Airport and the Tanger Outlets Savannah. The site is located off a busy I-95 exit that has 31,100 VPD. Pooler has seen substantial growth in the Savannah MSA. A town of over 50,000 residents has seen an annual growth of 4.5% in recent years. Pooler and the surrounding area have experienced consistent economic growth by both adding new and expanding existing businesses. In 2013, Chatham County added or expanded 19 companies leading to the creation of more than 1,300 full time equivalent jobs and attracting more than $345 million in investment. Some of these companies include Gulfstream, LMI Savannah Inc. and Outlet Mall of Georgia. More than 90% of the total investment and jobs were created in the Pooler area.
Property highlights
- New 15-Year corporate ground lease from Jim ‘N Nick’s BBQ
- Roark Capital recently acquired Jim ‘N Nick’s - Roark is a highly respected PE firm with a strong track record of investing in restaurant brands to position them for sustainable, long-term growth
- Excellent visibility on Pooler Parkway- 31,100 VPD
- Scheduled 10% rent increases every 5 years
- Surrounding national tenants including: Dick’s Sporting Goods, Walmart, Home Depot, Michael’s, Petsmart, Publix, among others
- Jim N’ Nick’s named nation’s top BBQ chain by Daily Meal
- Jim N’ Nick’s has 40 locations and growing across the Southeast