Deals
Statesboro Square – Statesboro, GA
THE OPPORTUNITY
- Strong tenant retention with recent extensions by Big Lots and Buddy’s Home Furnishings
- Strong traffic counts with 23,700 VPD on Northside Dr E
- Great synergy within the submarket with Statesboro Mall, Statesboro Crossing, Walmart, Dick’s, Lowe’s, several hotels and multiple restaurants neighboring the subject property.
- 83% of GLA is made up of discount retailers
- Strong historical occupancies at Statesboro Square at over 97% the past then years
THE HIGHLIGHTS
- In recent years Statesboro’s employment has grown at a rate of 2.35% annually
- Statesboro has seen over a 30% population growth since 2000
- Located just off the dominant intersection in the market, Veteran’s Memorial Pkwy and Northside Dr E
- Statesboro is the home of Georgia Southern University, 26,054 students and 7,311 employ
THE DEAL POINTS
- Square Feet: 41,000 SF
- Asking Cap Rate: 8.61%
- Asking Price: 2,600,000
- Year Built: 1986
- Occupancy: 97.6%
- NOI: $223,880