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7804 Abercorn Street

Ryan Hanks Of Madison Capital Group Sells Chick-fil-A Outparcel At Oglethorpe Mall In Savannah
SOLDRetail

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.

Players

Ryan Hanks

Madison Capital Group

Seller

$284.2M

vol

7 deals

Seller

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