1808 Manchester Expy - Restaurant FOR SALE


Columbus, GA 31904
$2,480,000 USD
407-383-9674
1808 Manchester Expy, Columbus, GA for Sale
$2,480,000 USD
Restaurant - FOR SALE
1/6
null | 5.5% Cap Rate

1808 Manchester Expy
Columbus, GA 31904


HIGHLIGHTS

  • Fee Simple, 10 year ABS NNN Lease w 9+ yrs remaining, no landlord responsibilities
  • Next door to Starbucks, St. Frances-Emory Hospital Campus
  • Billboard on property generating yearly income for owner
  • Completely renovated in 2022 at tenant's expense

OVERVIEW

Fee Simple, New 10 year lease with 9 years remaining, Absolute NNN Investment - Freestanding Building. Wasabi Japanese Steakhouse Opened April 2022 and totally renovated the property at Tenants sole cost and expense. Zero Landlord responsibilities. The building is right up on the road with great visibility and plenty of parking. Two access points. Rent began December 1, 2021 and is an absolute NNN rent with bumps in the rent every 5 years, including the 2 extension periods. 1808 Manchester Expressway property is one block west of St. Frances-Emory Hospital and Medical Campus, one mile north of Columbus Country Club, two miles north of Columbus High School (rank#2 in Georgia), one parcel east of a brand new freestanding Starbucks w/drive-thru and 1/2 mile west of a brand new Chick-fil-a with dual drive-thru. A Japanese Steakhouse has been in this location since the 1980's, current building was built in 2010-2011 and was totally renovated by Tenant, 2021-2022. Traffic Counts 50,300 AADT Manchester Expressway, 72,200 AADT Interstate 185. 5 mile Radius Population 165,548; Average Household Income $63,002; Daytime Population 90,002

FOR SALE DETAILS

PRICE

$2,480,000 USD

PRICE/SF

$366 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fee Simple ABS NNN 10yr Wasabi Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

NC

APN/PARCEL ID

034-026-007

ASK ABOUT THIS PROPERTY

Wes LewisWesley Lewis Sole ProprietorshipMore Info
407-383-9674

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Wes LewisWesley Lewis Sole ProprietorshipMore Info
407-383-9674

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