Population
147,780
Growth (5Y)
+14.2%
Median Income
$50,000
Metro GDP
$24B
Market Overview
Savannah is undergoing one of the most significant economic transformations of any US metro, driven by port expansion and Hyundai's landmark EV manufacturing investment. The Port of Savannah — now the East Coast's busiest container port — has become a critical node in US supply chains, attracting billions in logistics infrastructure investment. The Hyundai Metaplant opened in 2024 with 8,500 direct jobs and dozens of supplier operations, fundamentally reshaping Savannah's economic profile. NNN investors who recognized Savannah's trajectory early have seen substantial appreciation; current cap rates of 5.5–7.25% still offer significant upside as the market continues to mature.
Key Highlights
Port of Savannah is the fastest-growing major port in the US — massive logistics employment engine
Hyundai's $7.6B EV plant opening (2024) is the largest automotive investment in Georgia history
14.2% population growth in 5 years — one of the fastest-growing metros in the Southeast
Tourism economy (13M visitors/year) supports QSR and convenience retail at premium volumes
How the Market Has Evolved (2020–2025)
Savannah's NNN evolution from 2020 to 2025 is a story of two historic investments. The Port of Savannah's multi-billion dollar expansion — driven by pandemic-era supply chain reshoring — added thousands of high-wage logistics jobs from 2020–2023. Then the Hyundai Metaplant announcement in 2022 triggered a second wave of investment: automotive suppliers, housing developers, and retailers all accelerated Savannah market entry plans. NNN cap rates that were 6.5–8.0% in 2020 compressed steadily to 5.5–7.25% by 2025 as investors priced in Savannah's economic upgrade. Chick-fil-A, Starbucks, and Dutch Bros all opened Savannah-area locations from 2022–2025, replacing the QSR monoculture of McDonald's and Burger King that had defined the market.
Why Invest in Savannah
- 1Hyundai Metaplant and Port expansion represent multi-decade economic catalysts with compounding effects
- 2Early-mover advantage: cap rates still above 5.5% in a market with clear Primary-tier trajectory
- 314.2% population growth creates sustained retail demand that is outpacing existing supply
- 4Tourism economy provides a floor of consumer spending independent of manufacturing cycles
Recent NNN Activity
"2025 NNN activity is concentrated near the Hyundai Metaplant corridor (Ellabell/Springfield) and the Interstate 95/16 interchange areas. New Chick-fil-A and Starbucks assets in Pooler and Richmond Hill are trading at 5.75–6.5% cap rates. Port-adjacent logistics retail is seeing a surge in new AutoZone and O'Reilly development."
NNN Snapshot
Cap Rate Range
5.5% - 7.25%
Price Range
$1.4M - $3.8M
Avg Lease Term
12 Years
Unemployment Rate
3.3%
Active NNN Tenants
McDonald'sDollar GeneralStarbucksChick-fil-AAutoZoneBurger KingTaco Bell
Major Employers
Gulfstream AerospaceHyundai Motor GroupMemorial HealthSavannah College of Art and DesignColonial GroupJCB
Find NNN Properties in Savannah
Our advisors have exclusive, off-market NNN inventory in the Savannah market right now. Contact us to see what's available before it hits the public market.