About This Restaurant
Investment Highlights
Existing 15 Year Lease Term Attractive Rental Increases of Five Percent (5%) Every Five (5) Years Triple Net (NNN) Lease with Zero Landlord Responsibilities
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 154 S. Main St, Baxley GA. The site consists of roughly 2,021 rentable square feet of building space on an estimated 0.8-acre parcel of land. This investment opportunity features an existing fifteen (15) year lease term with zero landlord responsibilities and is subject to four (4), five (5) year tenant renewal options. The current rent annual rent is $132,728 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term and option periods.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,021
- Building Class B
- Year Built 2000
- Price 2,212,140
- Price Per SF 1,095
- Cap Rate 6
- NOI 132,728
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 0.80 AC
Property Taxes
| Parcel Number | E003-007 | Improvements Assessment | $80,942 |
| Land Assessment | $113,485 | Total Assessment | $194,427 |
| Date Created: | 2024-07-16 04:13:35 | Last Updated: | 2024-07-16 04:13:35 |
| Address: | 154 S Main St , Baxley, Georgia, 31513 | ||