Net-Leased Restaurant Property – Fully Renovated with Long-Term Tenant
Metro Atlanta | Asking Price: $1,050,000 | 6.25% Cap Rate (Year 1)
For sale is a fully upgraded, single-tenant restaurant building under a 10-year NNN lease with scheduled annual rent increases. Located in metro Atlanta, this property is home to the thriving Chicken and Biscuit House, a locally branded concept originally operating as a Mrs. Winner’s franchise.
The tenant reports strong performance with monthly gross sales averaging $120,000, and they are actively seeking expansion sites due to their success.
Property Highlights
Triple Net (NNN) Lease – Tenant pays all expenses (taxes, insurance, maintenance)
New roof installed in 2024
New flooring and full interior refresh completed in 2023
Two new HVAC units installed in 2016 by PV Heating & Air
1,500-gallon underground grease interceptor
Proven concept with scalable business model
Lease Details
Lease start: January 1, 2024
Base rent (Year 1): $65,664
Annual increases: 3% per year
Term: 10 years with two 5-year renewal options
Pro forma cap rate (average rent over 10 years): 7.17%
Pro forma NOI (10-year total): $752,762
Why Invest
Long-term stability with structured escalations
Experienced and motivated operator
Turnkey asset with no deferred maintenance
Strong market fundamentals in a high-demand corridor
Investment Highlights
Triple Net (NNN) Lease – Tenant pays all expenses (taxes, insurance, maintenance)
New roof installed in 2024
New flooring and full interior refresh completed in 2023
Two new HVAC units installed in 2016 by PV Heating & Air
1,500-gallon underground grease interceptor