For Sale
$3,276,000

24034 Us-80Statesboro, GA 30461

Multi-Tenant NNN Retail Center, 6.75% Cap

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional retail investment opportunity presents a fee-simple, 7,200 square foot, single-story building in Statesboro, Georgia. The property boasts a 100% occupancy rate with two corporate-guaranteed tenants: Five Guys and Mattress Warehouse, operating under a 10-year NNN lease with 10% rent bumps every five years. The property features a strong 6.75% cap rate, generating a net operating income (NOI) of $221,160. Situated on a 0.9-acre lot at 24034 US-80, this Class A property benefits from its prime location in a high-traffic commercial corridor, across from a top-performing Lowe's Home Improvement store and near other major retailers including Walmart, Panera Bread, Chick-fil-A, and Starbucks. The property's proximity to Statesboro Mall (321,000 square feet) and Georgia Southern University (over 25,506 students and 2,000 faculty/staff) ensures a robust customer base. The recent construction minimizes potential capital repair needs, and the property's location near the new Hyundai EV plant (a $5.5 billion investment) positions it for significant future growth. This is a rare opportunity to acquire a high-performing, multi-tenant retail asset in a rapidly developing market. The asking price is $3,276,000.

Highlights

  • Favorable lease terms with built-in rental increases throughout the base and option periods.
  • NNN leases minimize landlord responsibilities; located in a high-traffic commercial corridor with over 1.6 MSF of retail within a 1-mile radius, including Walmart, Lowe's, Panera Bread, Chick-fil-A, and Starbucks, and less than half a mile from Statesboro Mall (321K SF).
  • Excellent accessibility via US-301 Bypass (25.7K AADT) and full turn access on Northside Dr. East, with cross-access to adjacent tenants.
  • Strategic location near the new $5.5B, 16M SF Hyundai EV plant, positioning Statesboro for significant growth.
  • Recent construction minimizes near-term capital expenditure needs; warranties transferable to the new owner.
  • Close proximity to Georgia Southern University (less than 2.2 miles), with over 25,506 students and 2,000 faculty/staff, generating over $1.1B in regional economic impact.

Property Details for 24034 Us-80

Property type
Retail properties, Restaurants
Square Feet
7,200 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
39,204 SF

Location Insight

City
Statesboro
County
Bulloch
State
Georgia
Latitude
32.432519219086
Longitude
-81.753179714572
24034 Us-80, Statesboro, Georgia

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24034 Us-80
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