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
Retail | Parker's Kitchen | ||
Retail | Checkers | ||
Retail | Ruby Tuesday | ||
Retail | Food Lion | ||
Retail | Starbucks | ||
Retail | LongHorn Steakhouse | ||
Retail | Renasant Bank | ||
Retail | Krystal | ||
Retail | Cracker Barrel Old Country Store | ||
Retail | Chili's |
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 |