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880 Buckhead Dr
Statesboro, GA 30458
Sonic · Retail Property For Sale
Investment Highlights
- FAST-FOOD HAVEN | MAIN RETAIL THOROUGHFARE IN THE CITY
- RAPID GROWTH MARKET
- 20-YEAR ABSOLUTE NNN LEASE WITH 10% RENT INCREASES EVERY 5 YEARS
- SUBJECT PROPERTY IS 97TH PERCENTILE IN GEORGIA | OUTSTANDING TENANT GUARANTY
- NEW HYUNDAI PLANT SPURRING DEVELOPMENT OF 700+ HOMES
- 700+ HOMES BEING ADDED IN IMMEDIATE AREA
Executive Summary
The Northmarq National Restaurant Group is pleased to offer this single-tenant Sonic located at 880 Buckhead Drive, Statesboro, GA 30458. The property is secured by an absolute NNN lease with a fresh 20-year term and 10% renewal options every 5 years. The tenant, Soar Restaurants, operates in 20 states and is one of Sonic's top 3 franchisees, providing one of the brand's strongest guarantees nationwide.
Positioned at the intersection of Veterans Memorial Highway and Highway 80 in Greensboro, the property benefits from exposure to more than 50,000+ VPD. The property is surrounded by strong demographics, with the population expected to grow at 2% annually over the next five years. In addition, the site is surrounded by top-performing stores of the nation's largest retailers. These include Walmart, Lowe's, Dunham's Sports, T.J. Maxx, Hobby Lobby, Chick-fil-A, McDonald's, KFC, and many more.
With its long-term absolute NNN lease, strong franchisee guaranty, and fast-growing Georgia market, this offering provides investors with a compelling blend of stability and long-term value.
Positioned at the intersection of Veterans Memorial Highway and Highway 80 in Greensboro, the property benefits from exposure to more than 50,000+ VPD. The property is surrounded by strong demographics, with the population expected to grow at 2% annually over the next five years. In addition, the site is surrounded by top-performing stores of the nation's largest retailers. These include Walmart, Lowe's, Dunham's Sports, T.J. Maxx, Hobby Lobby, Chick-fil-A, McDonald's, KFC, and many more.
With its long-term absolute NNN lease, strong franchisee guaranty, and fast-growing Georgia market, this offering provides investors with a compelling blend of stability and long-term value.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,537 SF
Building Class
C
Year Built
2005
Price
$3,750,000
Price Per SF
$2,439.82
Cap Rate
6%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
CR - Commercial Retail
Parking
45 Spaces (29.28 Spaces per 1,000 SF Leased)
Frontage
121’ on Buckhead Drive
Property Taxes
| Parcel Number | MS84000100-007 | Improvements Assessment | $123,124 |
| Land Assessment | $234,000 | Total Assessment | $357,124 |
Property Taxes
Parcel Number
MS84000100-007
Land Assessment
$234,000
Improvements Assessment
$123,124
Total Assessment
$357,124
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