613 Northside E Dr Statesboro, GA 30458-2194
Property Lookup
Property profile & analytics
613 Northside E Dr Statesboro, GA 30458-2194
- Drug stores
- 14,748 SF
- 1.65 lot acres
Property ID
US22-2384644
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- FedEx OnSite / Postal Service / Courier Service
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Walgreens Pharmacy / Pharmacy
- Coinhub Bitcoin ATM Teller / Atm
- Walgreens / (Bike/Boat/Book/etc) Store / Cosmetic Store
Property Details for 613 Northside E Dr
- Year built
- 2005
- Construction
- STEEL FRAME
- Lot size
- 1.65 lot acres
- Property size
- 14,748 SF
- Zone code
- CR
- Property type
- Drug stores
- APN
- MS72 -001B-000
- APU
- MS72001B000
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN leased Walgreens property located at 613 Northside Dr E, Statesboro, GA 30458. The 14,748 square foot building, constructed in 2005, sits on a 1.65-acre lot and boasts a strong 5.75% cap rate with a NOI of $346,500. The lease, commencing September 24, 2005, and expiring September 29, 2080, provides a substantial remaining term of 55.9 years. The tenant, Walgreens (NASDAQ: WBA), holds a corporate guarantee, providing significant investment security. The property benefits from a prime location in a high-traffic retail corridor, with approximately 24,100 vehicles passing daily on Northside Drive East. Its proximity to East Georgia Regional Hospital and Georgia Southern University ensures consistent high foot traffic and strong sales, which have shown year-over-year growth. The Walgreens lease includes a termination clause exercisable in 2030 and every five years thereafter. This Class B property offers a rare opportunity to acquire a stable, high-performing investment with a long-term, creditworthy tenant. The property's APN is MS72000001B000. The asking price is $6,026,086, translating to $408.60 per square foot. The building is a single-story structure with 100% occupancy.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,709,000
Market price range: $564k - $1.71M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,655,000 Current use
- RESTAURANT
- $2,380,000 Change: +44% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,930,000 Change: +16% Conversion: Easy
- OFFICE BUILDING
- $1,870,000 Change: +13% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Statesboro
- County
- Bulloch
- State
- Georgia
- Longitude
- -81.7652
- Latitude
- 32.4396
- CBSA code
- 44340
- CBSA name
- STATESBORO, GA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,183
$320,080
$452,852
$772,932
-
$800,200
$1,132,131
$1,932,331
