91 Briarwood Ln Statesboro, GA 30458-2344

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%.