Retail•Restaurant•For Sale

125 Gata Dr

125 Gata Dr, Statesboro, Georgia 30458

Sale Price $990,000
Sale Type Net Lease Investment
Bldg Type Single Tenant
Year Built 2012
Cap Rate 9.21%
Vacancy 100%
Gross Bldg 6,250 SqFt
Land Area 3.1 Acres
Net Op Inc $91,200
Six-year-old restaurant building. Very strong user with 5-year lease with two 5 year options. Tenants invested several hundred thousand into buildout. Space is extremely nice, and user is very strong. Incredible building. True NNN lease. Tenant is responsible for taxes, insurance, all maintenance etc... $7,600 per month NNN. $91,200 per year Net Income. No landlord responsibilities. High demand area. Great location, across from Georgia Southern University. Just off Lanier Dr. just down from GSU Football stadium. Building is on a picturesque pond with a great outdoor sitting area. High density residential around location and lots of retail. Very close proximity to Georgia Southern University. Strong college and A+ location.
6/5/2019 4:20:58 PM 6/5/2019 4:26:21 PM
Joe Edge, SIOR, CCIM
President
Sherman & Hemstreet Real Estate Co.

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