Sonic | Statesboro, GA
Sales are 53% Over AUV | Surrounding Tenants are All in 90th+ Percentile Nationally
Marketing description
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.
Investment highlights
FAST-FOOD HAVEN
The anchors of the thoroughfare are the top performing in Georgia creating a waterfall effect for their fast-food neighbors. Walmart (#1 location in GA), Lowe's (98th percentile nationally), Dunham's Sports (98th percentile nationally), T.J. Maxx (74th percentile nationally), Hobby Lobby (84th percentile nationally), Chick-fil-A (71st percentile nationally), McDonald's (67th percentile in GA), KFC (92nd percentile nationally), and many more (rankings per Placer.ai).
SUBJECT PROPERTY IS 97TH PERCENTILE IN GEORGIA
This is a high performing Sonic location with sales estimated north of $2.01M. The average Sonic location generates +/-$1.5M in sales, showing a 31% performance premium above the average store. Actual Sales are $2,327,922.
OUTSTANDING TENANT GUARANTY
This location is operated by a top 3 Sonic franchisee that has a nationwide operating presence of 6 different brands across 450+ locations and 20 states.
RAPID GROWTH MARKET
The surrounding population has grown nearly 2% every year since 2020. Further, the population is expected to grow around 2% annually over the next five years with AHHI around $70,000 within the 1- and 5-mile radii.
700+ HOMES BEING ADDED IN IMMEDIATE AREA
D.R. Horton and Mungo Homes are both developing new neighborhoods totaling 700+ homes within 2.5 miles of the property, providing increased demand for retailers in Statesboro.
NEW HYUNDAI PLANT SPURRING DEVELOPMENT OF 700+ HOMES
Hyundai brought a new EV production plant online in 2024 with an initial $317M investment and is expected to add 8,500+ direct jobs and 6,900+ indirect jobs as production grows. This directly impacts the residual real estate values in the region.
MAIN RETAIL THOROUGHFARE IN THE CITY
The property features great visibility from both Veterans Memorial Highway (26K+ VPD) and Highway 80 (23K+ VPD), providing consistent customer exposure.
20-YEAR ABSOLUTE NNN LEASE WITH 10% RENT INCREASES EVERY 5 YEARS
This is a brand new lease requiring no Landlord responsibilities.
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