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Autozone Northside Dr E & Peg-Wen blvd

6,800 SF Retail Building Statesboro, GA 30461 £1,236,831 (£182/SF) 4.75% Net Initial Yield

Investment Highlights

  • NNN GROUND LEASE WITH BELOW MARKET RENT
  • LOCATED IN A COMMERCIAL CORRIDOR
  • HIGHLY ACCESSIBLE LOCATION

Executive Summary

NNN GROUND LEASE WITH BELOW MARKET RENT
- No Landlord Responsibilities
- Four (4) x Five (5) Year extension options
- 8% rent increases in year eleven and in options
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
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

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,800 SF
Year Built
2024
Price
£1,236,831
Price Per SF
£182
Net Initial Yield
4.75%
NOI
£58,747
Tenancy
Single
Number of Floors
1
Opportunity Zone
Yes
  • Listing ID: 33203498

  • Date on Market: 17/09/2024

  • Last Updated:

  • Address: Northside Dr E & Peg-Wen blvd, Statesboro, GA 30461

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