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Investment Highlights

  • 4 Years firm term remaining on initial lease term, with options through 2080
  • 2.4 Miles from GA Southern University - 26,000 students
  • Surrounded by national retailers including Lowe's, TJ Maxx, Walmart, Starbucks, Chick Fil A, Planet Fitness, and more
  • High Visibility Signalized Pin Corner Location on mayor thoroughfare
  • 2 miles from East Georgia Regional Hospital - major employer
  • Historically strong store performance, sales available

Executive Summary

This 14,748 sf Walgreens on 1.65 acres in Statesboro, GA benefits from a high traffic corridor with retail growth, just over 2 miles to the Georgia Southern University campus, now with 30,000 student enrollment, as well as East Georgia Regional Hospital. Surrounded by national retailers including Lowe's, TJ Maxx, Walmart, Starbucks, Chick Fil A, Planet Fitness, Longhorn Steaks, Aldi, Hobby Lobby and many more.

Financial Summary (Actual - 2026)

Annual Annual Per SF
Gross Rental Income $346,500 $23.49
Other Income - -
Vacancy Loss - -
Effective Gross Income $346,500 $23.49
Net Operating Income - -

Financial Summary (Actual - 2026)

Gross Rental Income
Annual $346,500
Annual Per SF $23.49
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $346,500
Annual Per SF $23.49
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,748 SF
Building Class
B
Year Built
2005
Price
$3,575,000
Price Per SF
$242.41
Cap Rate
9.69%
NOI
$346,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.65 AC
Opportunity Zone
Yes
Zoning
CR - Commercial
Frontage
207’ on Northside Dr E

Amenities

  • Dedicated Turn Lane
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Monument Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Planet Fitness
Waffle House
Buffalo Wild Wings
Chicken Salad Chick
Buddy's Home Furnishings
Snap Fitness 24/7
Nathan's Famous
Ellianos Coffee
Synovus Bank
Starbucks

Property Taxes

Property Taxes

Parcel Number
MS72000001B000
Land Assessment
$464,120 (2025)
Improvements Assessment
$577,160 (2025)
Total Assessment
$1,041,280 (2025)
  • Listing ID: 37386952

  • Date on Market: 8/22/2025

  • Last Updated:

  • Address: 613 Northside Dr E, Statesboro, GA 30458

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