613 Northside E Dr Statesboro, GA 30458-2194

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.

Location Insight

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