91 Briarwood LnStatesboro, GA 30458

Property Details for 91 Briarwood Ln

Year built

2002

Construction

FRAME

Lot size

2.09 AC

Property size (Sq ft)

4,084 SF

Zone code

CR

Property type

Retail properties

Property subtype

Turn key restaurants

APN

MS75 -012-004

APU

MS75012004

Description

This exceptional investment opportunity presents a sale-leaseback of a thriving Locos Grill & Pub restaurant in Statesboro, Georgia. The 4,000 square foot Class A property, built in 2002, sits on a 2.09-acre lot with prominent frontage on Veterans Memorial Highway (Hwy 301/Route 67), a high-traffic area boasting over 23,000 cars daily. The single-tenant, absolute NNN lease with the franchisee is for 10 years, featuring 3% annual rent bumps and two 5-year renewal options, ensuring consistent income. The property benefits from its strategic location near Georgia Southern University (1.6 miles), East Georgia Regional Medical Center (0.9 miles), Ogeechee Tech (4 miles), and Gateway Industrial Park (6 miles), driving consistent customer traffic. The restaurant boasts a loyal customer base and has recently undergone improvements, including a new roof installed in Summer 2024. The asking price is $2,011,429, representing a 7.00% cap rate and a price per square foot of $502.86, with a current Net Operating Income (NOI) of $140,800. This is a stable, high-visibility asset in a prime location, offering a secure and lucrative investment opportunity. The property's APN is MS75000012004. The building is a single-story structure. Occupancy is currently at 100%.

• CAP approach

  CAP return

  Valuation

  6%

  $1,244,004

  6.5%

  $1,148,312

  7%

  $1,066,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $920,070

  Geo Method

  $699,937

• Alternative Use

  Use

  Valuation

  Residential

  $968,644

  Hospitality

  $887,273

  Educational

  $738,200

  Medical

  $763,588

  Retail

  $1,148,312

Location Insight

City

Statesboro

County

Bulloch

State

Georgia

Latitude

32.4078

Longitude

-81.761

CBSA code

44340

CBSA name

STATESBORO, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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