Ryan Hanks Of Madison Capital Group Sells Chick-fil-A Outparcel At Oglethorpe Mall In Savannah
7804 Abercorn Street
Building Size
—
Asset Type
Retail
Closing
Jul 8, 2026
AI
The property asset involved in the transaction is a retail site located at 7804 Abercorn Street in Savannah, GA, encompassing an area of 4.63 acres. The site was part of the redevelopment of the Oglethorpe Mall, specifically the Chick-fil-A outparcel, and is now fully leased to national tenants as part of a mixed-use project.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Specified
- Address: 7804 Abercorn Street
- Market: Savannah, GA
- Asset Size: 4.63 acres
- Seller: Ryan Hanks - Madison Capital Group
The deal was facilitated by Madison Commercial, which completed the sale and thereby finalized the retail component of the redevelopment project. The project included leasing and selling all three retail outparcels, establishing a fully leased retail destination alongside the Madison Oaks multifamily community.
Santa Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93