333 Tormenta WayStatesboro, GA 30458

Property Details for 333 Tormenta Way

Year built

2024

Lot size

1.74 AC

Property size (Sq ft)

5,000 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a 5,000-square-foot, Class A Chick-fil-A in Statesboro, Georgia. Built in 2024, this property sits on a 1.74-acre lot and benefits from a 15.1-year absolute NNN ground lease with a corporate guarantee from Chick-fil-A. The lease commenced May 9th, 2024, and expires May 31st, 2039, with a remaining term of 14.5 years. Rent increases by 10% every five years, and ten 5-year renewal options are included. The property boasts a 4.00% cap rate and a current NOI of $175,000, with an asking price of $4,375,000 ($875 per square foot). Strategically located at 333 Tormenta Way, this Chick-fil-A enjoys high visibility and traffic counts exceeding 79,500 vehicles per day. Its prime location is adjacent to Georgia Southern University, a rapidly expanding campus with over 27,000 undergraduate students, and near the top-performing Publix in Georgia. This location is part of a growing retail area, further enhancing its value and potential for long-term returns. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity with significant upside potential.

Location Insight

City

Statesboro

County

Bulloch

State

Georgia

Latitude

32.4101

Longitude

-81.7908

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