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Property profile & analytics

91 Briarwood Ln Statesboro, GA 30458-2344

  • Turn key restaurants
  • 4,084 SF
  • 2.09 lot acres
OFF-MARKET
Last Sale
May 26, 2025
$1,850,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US22-2182721
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.

Current Use by Public Records

  • Locos Grill & Pub / Take-out & Catering / Catering Service

Property Details for 91 Briarwood Ln

Year built
2002
Construction
FRAME
Lot size
2.09 lot acres
Property size
4,084 SF
Zone code
CR
Property type
Turn key restaurants
APN
MS75 -012-004
APU
MS75012004

Description

This exceptional investment opportunity presents a sale-leaseback of a thriving Locos Grill & Pub restaurant in Statesboro, Georgia. The 4,000 square foot Class A property, built in 2002, sits on a 2.09-acre lot with prominent frontage on Veterans Memorial Highway (Hwy 301/Route 67), a high-traffic area boasting over 23,000 cars daily. The single-tenant, absolute NNN lease with the franchisee is for 10 years, featuring 3% annual rent bumps and two 5-year renewal options, ensuring consistent income. The property benefits from its strategic location near Georgia Southern University (1.6 miles), East Georgia Regional Medical Center (0.9 miles), Ogeechee Tech (4 miles), and Gateway Industrial Park (6 miles), driving consistent customer traffic. The restaurant boasts a loyal customer base and has recently undergone improvements, including a new roof installed in Summer 2024. The asking price is $2,011,429, representing a 7.00% cap rate and a price per square foot of $502.86, with a current Net Operating Income (NOI) of $140,800. This is a stable, high-visibility asset in a prime location, offering a secure and lucrative investment opportunity. The property's APN is MS75000012004. The building is a single-story structure. Occupancy is currently at 100%.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Statesboro
County
Bulloch
State
Georgia
Longitude
-81.761
Latitude
32.4078
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
$9,745
$135,400
$133,295
$268,695
-
$338,500
$333,238
$671,738
More about this property
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