Jim 'N Nicks | 6.15% Cap 24148 US Highway 80 E

24148 US Highway 80 E , Statesboro, Georgia, 30461 | 5,500 sq.f | $ 2,439,000

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About This Restaurant

Investment Highlights

Attractive Lease Fundamentals Highly Accessible Close to Hyundai's $5.5B EV Plant

Executive Summary

Attractive Lease Fundamentals - Fifteen year initial term - 10% rental increases every 5 years and during option periods - Absolute NNN Ground Lease with no early termination clause - Three (3) - five (5) year option periodsLocated in 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 - Tenant?s 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 tenantsHyundai EV Plant Region Altering Development - New $5.5B, 16MSF EV assembly plant on 2,900 acres. Statesboro is poised to become major hub for workers and their family Corporate Lease with Growing Brand - Lease signed with Jim ?N Nicks corporate - Over 42 locations with more than 30 expected to open over the next 3 yearsClose Proximity to Georgia Southern University - Less than 2.2 miles form 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 Details

  • Sale Type    Investment NNN
  • Property Type    Retail Retail General Retail Freestanding General Retail Restaurant General Retail Storefront Retail
  • Building Size    5,500
  • Year Built    2023
  • Price    2,439,000
  • Price Per SF    443
  • Cap Rate    6.15
  • NOI    150,000
  • Tenancy    Single
  • Building Height    1 Story

Nearby Amenities & Transportation

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Date Created: 2024-07-16 04:13:35 Last Updated: 2024-07-16 04:13:35
Address: 24148 US Highway 80 E , Statesboro, Georgia, 30461