2863 Pio Nono Ave - Fast Food FOR SALE


Macon-Bibb, GA 31206
$1,267,000 USD
949-506-2012
2863 Pio Nono Ave, Macon-Bibb, GA for Sale
$1,267,000 USD
Fast Food - FOR SALE
1/10
null | 7.5% Cap Rate

2863 Pio Nono Ave
Macon-Bibb, GA 31206


HIGHLIGHTS

  • ±7 Years Remaining | Corporate Guaranteed Lease | Options To Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Macon Mall | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

investment property located in Macon, Georgia. The tenant, Krystal Burgers, has ±7-Years remaining on their original 20-Year lease with 6 (5-Year) options to extend, demonstrating their commitment to the site. The lease features no rental increases during the initial term and 1.25% annual rental increases during each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,267,000 USD

PRICE/SF

$599 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Krystal Burgers | 7yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

C-2

APN/PARCEL ID

O092-0268

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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