24034 US-80 - Storefront FOR SALE


Statesboro, GA 30461
$3,276,000 USD
704-697-1900
24034 US-80, Statesboro, GA for Sale
$3,276,000 USD
Storefront - FOR SALE
1/7
null | 6.75% Cap Rate

24034 US-80
Statesboro, GA 30461


HIGHLIGHTS

  • Located in Commercial Corridor - Over 1.6MSF of Retail Space
  • New Construction
  • Attractive Lease Fundamentals

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - Each Tenant has rental increases through out the base term and option periods - Each lease is structured NNN, providing minimal landlord responsibility LOCATED IN A COMMERCIAL CORRIDOR - Across the street from a top 5% performing Lowes Home Improvement in the Country. Over 1.6MSF of Retail Space in a 1-mile radius - Tenants include: Walmart Supercenter, Lowes, Panera Bread, Chick-Fil-A, & Starbucks - Under half mile to Statesboro Mall (321K SF) HIGHLY ACCESSIBLE LOCATION - Adjacent to US-301 Bypass (25.7K AADT) exit | Full turn accessibility on Northside Dr. East - Cross access with adjacent tenants HYUNDAI EV PLANT REGION ALTERING DEVELOPMENT - New $5.5B, 16M SF EV assembly plant on 2,900 acres. Statesboro is poised to become a major hub for workers and their families RECENTLY CONSTRUCTED - Newer construction should limit a new owner’s exposure to capital repairs during the hold period - Warranties will be assigned to the new Owner CLOSE PROXIMITY TO GEORGIA SOUTHERN UNIVERSITY - Less than 2.2 miles from Georgia Southern University - GSU has a total student population of over 25,506 and over 2K faculty and staff - GSU economic impact on the region exceeds $1.1B

FOR SALE DETAILS

PRICE

$3,276,000 USD

PRICE/SF

$455 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mattress Warehouse & Five Guys

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.