Mattress Warehouse & Five Guys | 24034 US-80
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Mattress Warehouse & Five Guys 24034 US-80
7,200 SF 100% Leased Retail Building Statesboro, GA 30461 $3,276,000 ($455/SF) 6.75% Cap Rate
Investment Highlights
- Located in Commercial Corridor - Over 1.6MSF of Retail Space
- Attractive Lease Fundamentals
- New Construction
Executive Summary
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
- 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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
B
Year Built
2024
Price
$3,276,000
Price Per SF
$455
Cap Rate
6.75%
NOI
$221,160
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Land Acres
0.90 AC
Nearby Major Retailers
-
David Hoppe -
Ben Olmstead -
Atlantic Capital Partners
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Mattress Warehouse & Five Guys | 24034 US-80
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