Investment Highlights
Fee Simple, 10 year ABS NNN Lease w 9+ yrs remaining, no landlord responsibilities
Billboard on property generating yearly income for owner
Next door to Starbucks, St. Frances-Emory Hospital Campus
Completely renovated in 2022 at tenant's expense
Executive Summary
Fee Simple, New 10 year lease with 9 years remaining, Absolute NNN Investment - Freestanding Building. Wasabi Japanese Steakhouse Opened April 2022 and totally renovated the property at Tenants sole cost and expense. Zero Landlord responsibilities. The building is right up on the road with great visibility and plenty of parking. Two access points. Rent began December 1, 2021 and is an absolute NNN rent with bumps in the rent every 5 years, including the 2 extension periods. 1808 Manchester Expressway property is one block west of St. Frances-Emory Hospital and Medical Campus, one mile north of Columbus Country Club, two miles north of Columbus High School (rank#2 in Georgia), one parcel east of a brand new freestanding Starbucks w/drive-thru and 1/2 mile west of a brand new Chick-fil-a with dual drive-thru. A Japanese Steakhouse has been in this location since the 1980's, current building was built in 2010-2011 and was totally renovated by Tenant, 2021-2022. Traffic Counts 50,300 AADT Manchester Expressway, 72,200 AADT Interstate 185. 5 mile Radius Population 165,548; Average Household Income $63,002; Daytime Population 90,002
