About This Restaurant
Investment Highlights
Brand New 20-Year Sale-Leaseback | Scheduled Rental Increases |GPS Hospitality - Strong Operator | Options to Extend Signalized, Hard Corner Intersection | Surrounding Retailers | Excellent Visibility & Access Absolute NNN Lease | Zero Landlord Responsibilities | Fee-Simple Ownership Brand New Construction | Drive-Thru Equipped | 2024 Construction
Executive Summary
? The tenant, GPS Hospitality, LLC, will execute a brand-new 20-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their long-term commitment to the site? GPS Hospitality is an experienced QSR franchisee with a 94-unit guarantee? The lease will feature scheduled rental increases of 8% every five years and at the beginning of each option, generating NOI and hedging against inflation
Property Details
- Sale Type Investment NNN
- Sale Condition Sale Leaseback
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 2,000
- Building Class B
- Year Built 2023
- Price 3,000,000
- Price Per SF 1,500
- Cap Rate 5.50
- NOI 165,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 0.87 AC
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 060-006H | Improvements Assessment | $135,671 |
| Land Assessment | $98,561 | Total Assessment | $234,232 |
| Date Created: | 2024-07-16 04:13:35 | Last Updated: | 2024-07-16 04:13:35 |
| Address: | 1000 Nathan Dean Byp , Rockmart, Georgia, 30153 | ||