About This Restaurant
Investment Highlights
Recent 15 Year Lease Extension Attractive Rental Increases of Ten Percent (10%) 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 13200 W Cleveland Street, Nahunta, GA. The site consists of roughly 3,388 rentable square feet of building space on estimated 1.49-acre parcel of land. This investment opportunity features a recently extended 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 $128,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and option periods.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant Fast Food
- Building Size 3,388
- Building Class B
- Year Built 2019
- Price 2,015,748
- Price Per SF 595
- Cap Rate 6.35
- NOI 128,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 1.49 AC
Amenities
- Restaurant
- Signage
- Drive Thru
| Date Created: | 2024-07-16 04:13:35 | Last Updated: | 2024-07-16 04:13:35 |
| Address: | 13200 Cleveland St W , Nahunta, Georgia, 31553 | ||