Statesboro, GA - Sonic

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru retail investment property operated by an experienced QSR franchisee. The lease is guaranteed by SOAR QSR, a 200+ unit operator and the third largest Sonic franchisee. At close of escrow, the tenant will execute a new 20-year lease with four (4) 5-year renewal options, demonstrating long-term commitment to the site. The lease features 10% rental increases every five years and at the start of each option period, supporting NOI growth and providing a built-in hedge against inflation. The
lease is structured as absolute NNN with zero landlord responsibilities. The tenant is responsible for CAM, taxes, insurance, and all maintenance, making this an ideal, management-free investment opportunity for a passive investor.

The subject property is strategically located within minutes of Georgia Southern University, a major public institution with over 26,000 students, reinforcing consistent consumer demand and traffic. The asset is positioned in a high-traffic retail corridor surrounded by national brands and major shopping destinations, including Statesboro Mall (2.5M annual visits) and Statesboro Crossing (2.7M annual visits), reinforcing the area’s role as the region’s primary retail hub. Additionally, the property is just eight minutes from one of the top-performing Walmart Supercenters in the United States, generating 3.5 million annual visits and ranking in the 98th percentile nationwide and #1 in Georgia among comparable stores. The 5-mile trade area is supported by more than 52,900 residents and 22,200 employees, with an average household income of $72,664, providing a solid base of consumer demand and spending power that underpins long-term retail fundamentals at the property.

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Listing ID: a28TP000002ODRBYA4