Overview
613 NORTHSIDE DRIVE EAST, STATESBORO, GA 30458 is a prime NNN investment opportunity featuring a 14,748 SF build-to-suit Walgreens (2005), strategically located along a strong retail corridor with high visibility and several demand drivers.
The property benefits from a NNN lease with an investment-grade credit tenant, Walgreens, operating over 8,000 stores nationwide.
Situated near Georgia Southern University and East Georgia Regional Hospital, the area benefits from a large student population and significant healthcare services demand. This absolute net leased property on 1.65 acres presents a compelling investment opportunity with stable income backed by a stable store. Don't miss the chance to invest in a thriving college town market, just 45 minutes from the booming area of Savannah, GA.
Recent development announcements call for 1200 residential units just 2 miles away. Trilogy Helming Massive Statesboro Mixed-Use Project - Connect CRE
Investment Highlights
- Offered at 9.7% cap rate
- Dominant Retail Corridor
- 2.4 Miles from East GA Regional Hospital, which drives pharmacy sales
- 2 Miles from Georgia Southern University
- Walgreens now private company with completion of acquisition by Sycamore Partners
Walgreens CEO on the announcement of the closing with Sycamore Partners:
“Today represents an exciting new chapter and a turning point for Walgreens,” said Motz. “As a private organization, alongside our dedicated team members, we are renewing our focus on our core pharmacy and retail platform, our stores and our customer experience—building on the progress that’s been made.”
