23995 Us-80, Statesboro, GA 30461

Property Details for 23995 Us-80

Year built

2024

Lot size

0.88 lot acres

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 6,800 square foot AutoZone retail building located at 23995 US-80, Peg-Wen Blvd, Statesboro, GA 30461. The property sits on a 0.88-acre lot and boasts a Class A construction completed in 2024. The property is currently 100% occupied under a 15-year absolute NNN ground lease with a corporate guarantee, commencing February 1, 2025, and expiring January 31, 2040. This provides a substantial remaining lease term of 15.2 years. The current annual net operating income (NOI) is $75,000, resulting in an attractive 4.75% cap rate. The lease includes four 5-year renewal options with an 8% rent increase starting in year 11 and continuing through the options. The property benefits from its location in a high-traffic commercial corridor, across from a top-performing Lowe's Home Improvement store, and within a mile of over 1.6 million square feet of retail space, including major anchors such as Walmart, Lowe's, Panera Bread, Chick-fil-A, and Starbucks. Its proximity to the Statesboro Mall (321,000 square feet) and US-301 Bypass (25,700 AADT) ensures high visibility and accessibility. Furthermore, the property's location near Georgia Southern University (less than 2.2 miles), with its over 25,506 students and 2,000 faculty and staff, contributes to a strong and growing market. The recent announcement of a $5.5 billion, 16 million square foot electric vehicle assembly plant further enhances the long-term growth potential of this prime retail location. The asking price for this exceptional investment is $1,579,000.

Location Insight

City

Statesboro

County

Bulloch

State

Georgia

Longitude

-81.7531

Latitude

32.432