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33259135
33259136

244 Henry Boulevard, Statesboro, GA 30458 For Sale

LM
GA 384018
Palomar Real Estate Group
BH
GA 403133, SC 141263
Palomar Real Estate Group
JB
GA 444450
Palomar Real Estate Group
Listed by Palomar Real Estate Group
$1,932,000
51 days on market
Updated 50 days ago
Opportunity zone

Mattress Firm

Details
Property Type Retail
Square Footage 3,512
Cap Rate 8.00%
NOI $154,528
Occupancy 100%
Tenancy Single
Lease Type NN
Remaining Term 7.1
Price per SqFt $550
Year Built 2012
Year Renovated 2023
Buildings 1
Stories 1
Acreage 0.880
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Ground Lease No

Corporately Backed by Mattress Firm Corporation | Renovated in 2023

Marketing description

Anticipated Population Growth of 2% over the next 5 years

Located next to the #1 Aldi in traffic count and sales in the state of GA

Situated next to the main retail corridor of Statesboro, GA

Strong Traffic Counts with 25,000+ Vehicles Per Day

Proximity to a major university adds value, as college towns tend to drive strong investor interest and competitive bidding

Investment highlights

Recently renovated in 2023; new roof in 2025 with a transferable 20-year manufacturer roof warranty

Over 7 years left on current lease term

10% Rental escalation on 7/1/2028

Two, 5-Year Extension Options with 10% rent escalations

Corporately Backed by Mattress Firm Corporation

Operates 2,500 locations in 49 states

Largest bedding retailer in the United States

Located less than two miles from Georgia Southern University, enhancing visibility and foot traffic

Listing Contacts

LM
GA 384018
Palomar Real Estate Group
BH
GA 403133, SC 141263
Palomar Real Estate Group
JB
GA 444450
Palomar Real Estate Group
Listed by Palomar Real Estate Group

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$154,528.00
$12,877.33/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Brent Hadden
License
403133
Name
Jay Beach
License
444450
Brokerage
Palomar Group
Brokerage Phone
(706) 832-3622
Title
Junior Asssociate
Brokerage Address
206 Pitcarin Way
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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