1107 N Third St - Restaurant FOR SALE
Chatsworth, GA 30705 |
$1,350,000 USD
424-220-7244
1107 N Third St
Chatsworth, GA 30705
HIGHLIGHTS
- Absolute NNN Lease – 2+ years remaining and 7.5% rent increase in the next option period, which would effectively increase the cap rate to 6.36%
- Strong Franchisee – Restaurant Management, Inc. (established 1966) operates ±70 Arby’s locations throughout OH, KY, TN, IN, NC, AL, and GA.
- Three 5-Year Options – Each 5-year option period includes 7.5% rent increases.
- 20-Year Operating History – Constructed in 2006 and continuously operated by Restaurant Management, Inc.
- Strong location and just $26.68 PSF in rent! Provides the tenant with a platform for long-term success and profitability.
- Combined 32,250+ vehicles per day serving the property on North 3rd Ave and Jackson Lake Rd bringing a significant consumer base by the store daily.
FOR SALE DETAILS
PRICE
$1,350,000 USD
PRICE/SF
$528 USD /SF
CAP RATE
5.92%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Arby's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.8 AC
LAND SF
34,848 SF
ZONING
CH
APN/PARCEL ID
0048B-212
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424-220-7244
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424-220-7244
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