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23995 US-80Statesboro, GA 30461
Autozone | Statesboro, GA | 4.75% Cap
Asset ClassRetail
Cap Rate4.75%
4.75% Cap | Abs. NNN - GL

Investment Highlights

NNN GROUND LEASE WITH BELOW MARKET RENT

  • No Landlord Responsibilities
  • Four (4) x Five (5) Year extension options
  • 8% rent increases in year eleven and in options

LOCATED IN A COMMERCIAL CORRIDOR

  • Across the street from a top 5% performing Lowes Home Improvement in the Country
  • Over 1.6MSF of Retail Space in a 1-mile radius
  • Tenants include: Walmart Supercenter, Lowes, Panera Bread, Chick-Fil-A, & Starbucks
  • Under half mile to Statesboro Mall (321K SF)

HIGHLY ACCESSIBLE LOCATION

  • Adjacent to US-301 Bypass (25.7K AADT) exit
  • Full turn accessibility on Northside Dr. East
  • Cross access with adjacent tenants

HYUNDAI EV PLANT REGION ALTERING DEVELOPMENT

  • New $5.5B, 16M SF EV assembly plant on 2,900 acres.
  • Statesboro is poised to become a major hub for workers and their families

CLOSE PROXIMITY TO GEORGIA SOUTHERN UNIVERSITY

  • Less than 2.2 miles from Georgia Southern University
  • GSU has a total student population of over 25,506 and over 2K faculty and staff
  • GSU economic impact on the region exceeds $1.1B
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23995 US-80Statesboro, GA 30461

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Listing provided by Revere CRE