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34528838
34528839

12130 US-301, Statesboro, GA 30458-3210 For Sale

DF
CA CA 02136032
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
JP
CA CA 02090490
SRS Real Estate Partners Newport Beach
JC
UT UT 9518385-SA00
SRS Real Estate Partners Salt Lake City
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Salt Lake City
$7,072,000
4 days on market
Updated 4 days ago

Sunbelt Rentals | 2024 Build-Out Newly Renovated

Details
APN MS43-008-000
Property Type Retail, Industrial
Sub Type Distribution, Warehouse (+1)
Square Footage 41,144
Occupancy 100%
Tenancy Single
Brand/Tenant Tractor Supply, United Rentals (+13)
Lease Type NNN
Lease Term 10
Lease Expiration 03/31/2034
Remaining Term 7.7
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $172
Year Renovated 2024
Buildings 4
Acreage 6.510
Zoning Highway Commercial
Parking Spaces 275 spaces
Parking per 1,000 SqFt 6.68
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/15/2024
Ground Lease No
Ceiling Height 15
Ownership Fee Simple
Sale Condition 1031 exchange

Publicly Traded | 41,144 SqFt | 6.51 AC

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Sunbelt Rentals investment property located in Statesboro, Georgia. The tenant currently has 7+ years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual rental increases of 3% in years 4-5 (March 2027) and then 2% throughout the initial term and options thereafter, steadily growing NOI and hedging against inflation. The lease is a modified NNN with landlord responsibilities limited to roof and structure making it an ideal, low-management investment opportunity for a passive investor. Sunbelt Rentals passionate, customer-centric team of 24,000 employees combines execution-focused resolve with Sunbelt Rentals’ innovative array of rental solutions across a vast network of nearly 1,600 locations and with a fleet of assets exceeding $19 billion.

The subject property is located along US-301 which averages 19,700 vehicles passing by daily. The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Publix, Walmart Neighborhood Center, McDonald’s, Family Dollar, Advance Auto Parts and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The asset is in close proximity to Georgia Southern University (29,000 students) further increasing consumer traffic to the immediate trade area. The 5-mile trade area is supported by a population of over 50,000 and 22,000 employees, providing a direct consumer base from which to draw. Residents within a 5-mile trade area have an average household income of $69,028.

Investment highlights

  • Publicly Traded, Institutional-grade Tenant Credit | Mission-Critical Regional Equipment-Rental Hub
  • Modified NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Georgia Southern University (29,000 students)
  • Improvements & Warranties | Effectively a 2024 Facility

Listing Contacts

DF
CA CA 02136032
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
JP
CA CA 02090490
SRS Real Estate Partners Newport Beach
JC
UT UT 9518385-SA00
SRS Real Estate Partners Salt Lake City
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Salt Lake City

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Additional Information

Name
Michael Berk
License
GA License No. 385824
Brokerage
SRS National Net Lease Group LP
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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