24034 Us-80 Statesboro, GA 30461
- Retail properties
- 7,200 SF
- 0.90 lot acres
Current Use by Public Records
- Retail properties
Property Details for 24034 Us-80
- Year built
- 2024
- Lot size
- 0.90 lot acres
- Property size
- 7,200 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Statesboro
- County
- Bulloch
- State
- Georgia
- Longitude
- -81.7532
- Latitude
- 32.4325
