5328 New Jesup Hwy Brunswick, GA 31523-1214
- Commercial real estate
- 1.01 lot acres
Jul 15, 2020
Current Use by Public Records
- Sonny's BBQ / Take-out & Catering / Catering Service
Property Details for 5328 New Jesup Hwy
- Year built
- 1984
- Lot size
- 1.01 lot acres
- Zone code
- FC
- Property type
- Commercial real estate
- APN
- 03-06309
- APU
- 306309
Description
This exceptional investment opportunity presents a sale-leaseback of a Sonny's BBQ restaurant in Brunswick, Georgia. The property, located at 5328 New Jesup Hwy, boasts 6,568 square feet on a 2.41-acre lot and features a recently renovated (2022) building with a drive-thru. The property benefits from a strong retail location near Interstate-95, surrounded by national and local tenants including Winn-Dixie, Texaco, AutoZone, CVS, and Shell. A 15-year absolute NNN lease with a 29-unit franchisee operator, iServ BBQ, LLC, is in place, offering a 6.65% cap rate and $227,500 in annual net operating income (NOI). The lease includes 7% rent bumps every five years and four five-year renewal options, extending the potential lease term to 35 years. The asking price is $3,421,052 ($520.87/sq ft). This fee-simple ownership offers a secure, long-term investment with minimal landlord responsibilities. The property's location in a high-traffic area, coupled with the established Sonny's BBQ brand and the long-term lease, makes this a compelling investment prospect. The single-story building was constructed in 1984 and is zoned for commercial use. This is a rare opportunity to acquire a high-performing, established QSR property with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,655,000
- ML approach
- $2,610,000
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Location Insight
- Map
- Local Demand
- City
- Brunswick
- County
- Glynn
- State
- Georgia
- Longitude
- -81.5254
- Latitude
- 31.2247
- CBSA code
- 15260
- CBSA name
- BRUNSWICK, GA METROPOLITAN STATISTICAL AREA