322 S Main St - Fast Food FOR SALE


Statesboro, GA 30458- Downtown Statesboro
$1,652,000 USD
214-561-6004
322 S Main St, Statesboro, GA for Sale
$1,652,000 USD
Fast Food - FOR SALE
1/9
null | 5.75% Cap Rate

322 S Main St
Statesboro, GA 30458
Downtown Statesboro


HIGHLIGHTS

  • 20-Year Sale-Leaseback | Experienced Operator (200+ Units) | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Georgia Southern University | Prime Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

The subject property is strategically located within minutes of Georgia Southern University, a major public institution with over 26,000 students, reinforcing consistent consumer demand and traffic. The asset is positioned in a high-traffic retail corridor surrounded by national brands and major shopping destinations, including Statesboro Mall (2.5M annual visits) and Statesboro Crossing (2.7M annual visits), reinforcing the area’s role as the region’s primary retail hub. Additionally, the property is just eight minutes from one of the top-performing Walmart Supercenters in the United States, generating 3.5 million annual visits and ranking in the 98th percentile nationwide and #1 in Georgia among comparable stores. The 5-mile trade area is supported by more than 52,900 residents and 22,200 employees, with an average household income of $72,664, providing a solid base of consumer demand and spending power that underpins long-term retail fundamentals at the property.

FOR SALE DETAILS

PRICE

$1,652,000 USD

PRICE/SF

$1,502 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

HOC

APN/PARCEL ID

S30-000024-000

ASK ABOUT THIS PROPERTY

Hayley MustinSRS National Net LeaseMore Info
214-561-6004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Hayley MustinSRS National Net LeaseMore Info
214-561-6004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.