Hooters is a pad to Henry Town Center, a 700,000 square foot shopping center anchored by Super Target, Home Depot, Belk, Marshalls, and HomeGoods. Located in the Atlanta MSA, this corporate Hooters has 11 years remaining on its original 15-year absolute NNN lease with zero Landlord maintenance or management responsibilities. The lease features 1.5% annual rent bumps, and two 5-year options to extend. In 2015, Hooters extended its lease at this location and in July 2018, Hooters spent approximately $300,000 on major renovations to the subject property including new signage, interior, and parking lot.
The subject property is located in the primary retail hub of McDonough. It is located just off I-75, a major north-south interstate highway through the southeastern region of the U.S., with traffic counts exceeding 132,000 VPD, providing excellent visibility and access to the shopping center.