200 Franklin Spring Cir - Retail FOR SALE


Royston, GA 30662
$1,300,000 USD
917-834-4576
200 Franklin Spring Cir, Royston, GA for Sale
$1,300,000 USD
Retail - FOR SALE
1/3
null | 5.22% Cap Rate

200 Franklin Spring Cir
Royston, GA 30662


HIGHLIGHTS

  • Absolute Triple - Net (NNN) Lease | Zero (0) Landlord Responsibilities
  • Recently Executed Twenty - Five (25) - Year Lease | Approximate ly Twenty (20) Years Remaining
  • Ten Percent (10.00%) Rental Increases Every 5 Years & In Options
  • 0.90 - Acre Lot | 2,626 Square - Foot Building | Large Pylon Sig n With Visibility Along Franklin Springs St | Royston’s Main Retail Corridor

OVERVIEW

Surmount is pleased to present the exclusive listing for a Pizza Hut located at 200 Franklin Springs Circle, Royston, GA 30662. The site consists of roughly 2,626 rentable square feet of building space on an estimated .09-acre parcel of land. Pizza Hut is subject to a 25-year Triple Net (NNN) lease, which commenced on January 1, 2021. The current annual rent is $67,925 and has scheduled increases of 10.00% Every 5 Years. The lease is guaranteed by Ayvaz Pizza, the #2 largest Pizza Hut Franchisee with 350+ units across the United States.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$495 USD /SF

CAP RATE

5.22%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

068A-023

ASK ABOUT THIS PROPERTY

Hannan Ben YosefSurmountMore Info
917-834-4576

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Hannan Ben YosefSurmountMore Info
917-834-4576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.