244 Henry Blvd Statesboro, GA 30458-2705

Property Details for 244 Henry Blvd

Year built

2012

Lot size

0.88 lot acres

Property size

3,512 SF

Zone code

CR

Property type

Turn key restaurants

APN

MS84 -102-07D

APU

MS8410207D

Description

This exceptional investment opportunity presents a fee-simple ownership of a Class A, 3,512 square foot Mattress Firm storefront in Statesboro, Georgia. Located at 244 Henry Blvd, this property boasts a brand new 10-year net lease with a corporate guarantee, offering significant long-term stability. The lease includes 10% rent increases every five years, further enhancing the investment's potential. Built in 2016 and renovated in 2022, the property sits on a 0.88-acre lot and enjoys a prime location, situated as an outparcel to a thriving retail center anchored by Aldi, Hobby Lobby, TJ Maxx, and Petco. Its high visibility, directly off Highway 301 Bypass and US-80, ensures substantial foot traffic and brand recognition. The property's strong financial performance is reflected in its 6.00% cap rate and a net operating income (NOI) of $154,528. The asking price is $2,575,466, translating to a price per square foot of $733.33. Seller financing is available, offering up to $1,300,000 with a 5.5% interest rate, a 20-year amortization, a 2% origination fee, and a 2% exit fee. The property achieved 100% occupancy on July 1, 2023. This is a rare opportunity to acquire a secure, high-performing retail investment with a national tenant and attractive seller financing options.

Location Insight

City

Statesboro

County

Bulloch

State

Georgia

Longitude

-81.7578

Latitude

32.4294

CBSA code

44340

CBSA name

STATESBORO, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments