Locos Grill & Pub | 91 Briarwood Ln
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Locos Grill & Pub 91 Briarwood Ln
4,084 SF Retail Building Statesboro, GA 30458 $2,011,429 ($493/SF) 7% Cap Rate
Investment Highlights
- Established Restaurant
- High Traffic Area
- Corporate store location
- 1.6 miles from Georgia Southern campus
Executive Summary
4,082 SF restaurant was built in 2002 for Locos and remains a ‘corporate store’ owned and operated by the franchisor today. It is a stable asset in a highly visible and profitable location that has developed a loyal customer base from nearby schools, offices, and businesses, and it continues to reach new customers as a result of its proximity to local hotels.
The restaurant sits on 2.09 acres with 400’ frontage along Veterans Memorial Highway. Access is via four way signaled intersection of Hwy 301/Route 67. Both roadways see an excess of 23,000 cars AADTV. NEW ROOF installed in Summer 2024.
Locos Grill & Pub was founded in Athens, GA in 1988 and has six locations across the state.
1.6 miles from Georgia Southern campus
0.9 miles from East GA Regional Medical Hospital
4 miles from Ogeechee Tech
6 miles from Gateway Industrial Park
The restaurant sits on 2.09 acres with 400’ frontage along Veterans Memorial Highway. Access is via four way signaled intersection of Hwy 301/Route 67. Both roadways see an excess of 23,000 cars AADTV. NEW ROOF installed in Summer 2024.
Locos Grill & Pub was founded in Athens, GA in 1988 and has six locations across the state.
1.6 miles from Georgia Southern campus
0.9 miles from East GA Regional Medical Hospital
4 miles from Ogeechee Tech
6 miles from Gateway Industrial Park
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,084 SF
Building Class
C
Year Built
2002
Price
$2,011,429
Price Per SF
$493
Cap Rate
7%
NOI
$140,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
2.09 AC
Opportunity Zone
Yes
Zoning
CR - Commercial Redevelopment District
Parking
73 Spaces (17.87 Spaces per 1,000 SF Leased)
Frontage
779 FT on Briarwood Lane
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | MS75000012-004 | Improvements Assessment | $133,295 |
| Land Assessment | $135,400 | Total Assessment | $268,695 |
PROPERTY TAXES
Parcel Number
MS75000012-004
Land Assessment
$135,400
Improvements Assessment
$133,295
Total Assessment
$268,695
-
Christopher Blackmon -
Kyle Nelson -
Wendy Jackson -
Atlas Real Estate Advisors
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Locos Grill & Pub | 91 Briarwood Ln
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