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Investment Highlights

  • 100% leased to AT&T and Aspen Dental under corporate-backed agreements.
  • Located at a signalized intersection with strong traffic counts and highly visible signage.
  • Accessible location near Georgia Southern University, regional hospitals, and major retail centers.
  • Built in 2017 with modern finishes and efficient layout, reducing near-term capital reserves.
  • 59 dedicated parking spaces provide generous customer access.
  • Offered individually or as part of a portfolio, presenting additional diversification options.

Executive Summary

This fully leased, multi-tenant retail asset presents a stable investment opportunity along one of Statesboro’s busiest commercial corridors. Built in 2017 and encompassing approximately 8,100 square feet, the property is anchored by nationally recognized tenants AT&T and Aspen Dental. The asset currently delivers a strong 6.25% cap rate with a reported net operating income of $333,104 and features leases backed by corporate guarantees, ensuring income reliability and security for investors.
Positioned on a 1.15-acre parcel with 59 surface parking spaces, the property benefits from a signalized intersection and prominent corner exposure, driving consistent customer visibility. Its location along Northside Drive East provides excellent access to Georgia Southern University, area hospitals, and a diverse retail mix, creating strong traffic counts and support for tenant operations. Statesboro’s role as a regional hub for education, healthcare, and commerce further enhances long-term demand, reinforced by steady population and employment growth trends within Bulloch County.
With its younger construction date, minimal deferred maintenance, and strategic placement within the city’s primary retail network, this property offers both immediate cash flow and strong residual value. Investors seeking a stabilized, income-generating retail asset in a thriving Southeastern market will find this an attractive addition to their portfolio.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,100 SF
Building Class
B
Year Built
2017
Price
$5,330,000
Price Per SF
$658.02
Cap Rate
6.25%
NOI
$333,104
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.15 AC
Zoning
C- - Commercial
Parking
59 Spaces (7.38 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Corner Lot
  • Signage
  • Signalized Intersection
  • Air Conditioning
  • Smoke Detector

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • Jan 0000

Aspen Dental began in New York in 1998 with a goal of making dental care easier for patients and dentists, and the company now operates as a dental support organization behind Aspen Dental-branded practices. The business focuses on full-service oral care, including general dentistry, dentures, dental implants, clear aligners, emergency dental care, checkups, and related treatment options. Aspen Dental also emphasizes appointment scheduling and financing support through its consumer-facing platform, which is designed to help patients access care through local dental offices across the United States.

  • Information
  • -
  • -
  • Jan 0000

Their world is rapidly being transformed by the widespread and growing availability of connectivity. And AT&T is leading the charge with their nationwide fast, reliable and secure 5G coupled with their growing, multi-gig fiber home internet service. As much as they depend on broadband connectivity today, they think this is only the beginning. They're strengthening their network to enable everything from smarter homes and cities to high-quality remote healthcare, augmented and virtual reality and sophisticated new workplace collaboration tools. Providing those connections is in AT&T’s DNA. Ever since Alexander Graham Bell’s telephone more than many years ago, they've been a leader in connecting people and businesses. They believe they have the resources, focus, expertise and people to be the best connectivity provider through 5G and fiber.

Tenant Industry SF Occupied Rent/SF Lease End
Health Care and Social Assistance - - Jan 0000
Information - - Jan 0000
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Nearby Major Retailers

Planet Fitness
Waffle House
Buffalo Wild Wings
Chicken Salad Chick
Buddy's Home Furnishings
Starbucks
Food Lion
Renasant Bank
Ruby Tuesday
LongHorn Steakhouse

Property Taxes

Property Taxes

Parcel Number
MS72000014-000
Land Assessment
$920,000
Improvements Assessment
$537,840
Total Assessment
$1,457,840
  • Listing ID: 35635470

  • Date on Market: 4/25/2025

  • Last Updated:

  • Address: 412-416 Northside Dr E, Statesboro, GA 30458

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