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Investment Highlights

  • 100% leased to AT&T and Aspen Dental under corporate-backed agreements.
  • Located at a signalized intersection with strong traffic counts and highly visible signage.
  • Accessible location near Georgia Southern University, regional hospitals, and major retail centers.
  • Built in 2017 with modern finishes and efficient layout, reducing near-term capital reserves.
  • 59 dedicated parking spaces provide generous customer access.
  • Offered individually or as part of a portfolio, presenting additional diversification options.

Executive Summary

This fully leased, multi-tenant retail asset presents a stable investment opportunity along one of Statesboro’s busiest commercial corridors. Built in 2017 and encompassing approximately 8,100 square feet, the property is anchored by nationally recognized tenants AT&T and Aspen Dental. The asset currently delivers a strong 6.25% cap rate with a reported net operating income of $333,104 and features leases backed by corporate guarantees, ensuring income reliability and security for investors.
Positioned on a 1.15-acre parcel with 59 surface parking spaces, the property benefits from a signalized intersection and prominent corner exposure, driving consistent customer visibility. Its location along Northside Drive East provides excellent access to Georgia Southern University, area hospitals, and a diverse retail mix, creating strong traffic counts and support for tenant operations. Statesboro’s role as a regional hub for education, healthcare, and commerce further enhances long-term demand, reinforced by steady population and employment growth trends within Bulloch County.
With its younger construction date, minimal deferred maintenance, and strategic placement within the city’s primary retail network, this property offers both immediate cash flow and strong residual value. Investors seeking a stabilized, income-generating retail asset in a thriving Southeastern market will find this an attractive addition to their portfolio.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,100 SF
Building Class
B
Year Built
2017
Price
$7,349,750 CAD
Price Per SF
$907.38 CAD
Cap Rate
6.25%
NOI
$459,330 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.15 AC
Zoning
C- - Commercial
Parking
59 Spaces (7.38 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Corner Lot
  • Signage
  • Signalized Intersection
  • Air Conditioning
  • Smoke Detector

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • Jan 0000

Aspen Dental began in 1998 in East Syracuse, New York, after a merger that formed the brand from East Coast Dental and Upstate Dental. The company provides routine and emergency dental care, along with dentures, implants, clear aligners, financing options, and other general dental services. Aspen Dental supports a wide national network of branded dental practices through a model that combines patient care with non-clinical administrative and business support, and the company maintains a broad presence across the country.

  • Information
  • -
  • -
  • Jan 0000

AT&T traces its roots to the original American Telephone and Telegraph Company, which helped shape early telephone service in the United States. The company now focuses on wireless communications, fiber internet, broadband, and related business connectivity services. AT&T serves consumer, business, and wholesale customers through a network centered on mobile and fixed broadband access, along with digital and enterprise communications offerings. The company also places emphasis on converged fiber and 5G infrastructure as part of its broader communications platform.

Tenant Industry SF Occupied Rent/SF Lease End
Health Care and Social Assistance - - Jan 0000
Information - - Jan 0000
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Nearby Major Retailers

Planet Fitness
Waffle House
Buffalo Wild Wings
Chicken Salad Chick
Buddy's Home Furnishings
Food Lion
Renasant Bank
Ruby Tuesday
LongHorn Steakhouse
Synovus Financial Corp

Property Taxes

Property Taxes

Parcel Number
MS72000014-000
Land Assessment
$1,274,393 CAD
Improvements Assessment
$745,021 CAD
Total Assessment
$2,019,415 CAD
  • Listing ID: 35635470

  • Date on Market: 2025-04-25

  • Last Updated:

  • Address: 412-416 Northside Dr E, Statesboro, GA 30458

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