Hwy 55 | New 20-Year Abs NNN Corporate Lease 2102 Memorial Dr

Investment Highlights

Brand New 2023 High-Quality Construction (Relocation Site) 10% Rent Increases Every 5-Years in Primary Term & Options Corporate Guarantee from Hwy 55 --- Hwy 55 Has Evolved into an Iconic Brand in the Southeast Now with Over 100 Locations 20-Year Absolute NNN Lease (Zero Landlord Responsibilities) Excellent Visibility and Access along Memorial Drive which Boasts Over 27,000 Vehicles Per Day Dense Retail Trade Area 2-miles from Coastal Pines Technical College (6,500 Students) & Memorial Satilla Health Center (230 Beds)

Executive Summary

The subject property is a newly constructed Hwy 55 Burgers, Shakes & Fries drive-thru relocation site located in Waycross, GA. The brand new 20-year absolute NNN lease is corporately guaranteed by Hwy 55 and includes 10% rental increases every 5-years in the primary term and in the (3) five-year option periods.This brand-new Hwy 55 has a double drive-thru and is strategically located in the heart of a dense retail trade area. The site benefits from its excellent visibility and access along Memorial Drive which boasts over 27,000 vehicles per day. Additionally, this Hwy 55 is just 2-miles from Coastal Pines Technical College (6,500 Students) and Memorial Satilla Health Center (230 Beds). National retailers in the immediate vicinity include Chipotle, Walgreens, O?Reilly Auto Parts, Starbucks, Popeyes, Sonic, Verizon, Chick-Fil-A, McDonald?s, Lowe?s, Zaxby?s, Cracker Barrel, Olive Garden, Arby?s, Ross, T-Mobile, GameStop, Five Below, Dollar Tree, Bealls, Walmart, TJ Maxx, Belk, Bath & Body Works, Advance Auto Parts, Goodwill, Tractor Supply Company, Taco Bell, Applebee?s, CVS Pharmacy, Big Lots, Dollar General, Harbor Freight, Burger King, Circle K, Kroger, and many more. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
• Building Size    2,493
• Building Class    B
• Year Built    2024
• Construction Status    Under Construction
• Price    2,525,926
• Price Per SF    1,013
• Cap Rate    6.75
• NOI    170,500
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    1.17 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Drive Thru