Investment opportunity in the heart of Downtown Monroe, Georgia, featuring an experienced multi-unit franchise restaurant operator, contractual rent growth, extensively renovated improvements, and immediate value-add potential.
The 5,000 SF main restaurant building is leased to a Johnny’s New York Style Pizza franchisee, with this location representing the operator’s third Johnny’s location. The lease commenced August 1, 2026, at an initial base rent of $10,500 per month ($126,000 annually), with contractual rent increases, an initial 5-year term plus two additional 5-year renewal options.
The offering also includes a separate 1,020 SF renovated office/storage building, currently vacant and providing an immediate opportunity to generate additional income. Estimated rental potential of approximately $1,500–$2,000 per month could increase total potential base rental income to approximately $144,000–$150,000 annually.
The property totals 6,020 SF on approximately 0.53 acres and was gutted and fully renovated in 2024. The restaurant features a full commercial kitchen, 16-foot ceiling height, indoor and outdoor dining areas, two wet bars, covered patio/deck areas, walk-in refrigeration and a wet sprinkler system. The accessory building includes office/storage space, two drive-through roll-up doors and additional refrigeration.
Positioned on a prominent three-street corner in Downtown Monroe, the property offers frontage along N Midland Avenue, E Highland Avenue and N Madison Avenue. The appraisal describes the property's visibility and exposure as very good for a restaurant. On-site parking includes 10 standard spaces plus 15 golf-cart spaces, with an adjacent free municipal parking lot providing approximately 66 additional spaces.
The property is situated within vibrant Downtown Monroe, surrounded by an active mix of restaurants, breweries, cafés, retail, entertainment and community activity, while offering regional connectivity through US-78, GA-11, GA-83 and GA-138, with access to I-20 and I-85.
Offered at $2,100,000, the property combines established franchise restaurant income, an experienced multi-unit operator, contractual rent growth, extensively renovated real estate, a highly visible downtown location, and a clear value-add opportunity through lease-up of the separate 1,020 SF building.