5608 Wendy Bagwell Pky - Restaurant FOR SALE


Hiram, GA 30141
$3,190,000 USD
470-344-2586
5608 Wendy Bagwell Pky, Hiram, GA for Sale
$3,190,000 USD
Restaurant - FOR SALE
1/8
null | 6% Cap Rate

5608 Wendy Bagwell Pky
Hiram, GA 30141


HIGHLIGHTS

  • 19+ Years Remaining | Scheduled Rental Increases | Options to Extend | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Adjacent to Hiram Pavilion (362,000+ SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Near Signalized, Hard Corner Intersection | Excellent Visibility & Access
  • Strong Demographics in 10-mile Trade Area

OVERVIEW

• The tenant currently has 19+ years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% increases every 5 years during the initial term and options, growing NOI and hedging against inflation • McAlister’s Deli brand, headquartered in Atlanta GA, has approximately 550 restaurants in 29 states as of June 30, 2024

FOR SALE DETAILS

PRICE

$3,190,000 USD

PRICE/SF

$856 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McAlister's Deli - Hiram GA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

GC

APN/PARCEL ID

176.2.3.026.0000

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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