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Property profile & analytics
OFF-MARKET Estimated value $1,725,000
Turn key restaurants

244 Henry Blvd Statesboro, GA 30458-2705

3,512 SF 0.88 ac lot Built 2012
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US22-3937294
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2012
Total area 3,512 SF
Lot 0.88 ac (38,333 SF)
Zoning code CR
APN MS84 -102-07D
UPID US22-3937294
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mattress Firm Statesboro Crossing Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.80M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.73M
Owner & transaction history
Ip Statesboro LLC · 3 yrs held
Ip Statesboro LLC
since 2023
Last sale
$1.7M
3 recorded transactions
2023
$1.7M
2022
Price N/A
2022
$668,000
Zoning & alternative use
CR · Statesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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