2 W Thigpen Ave - Fast Food FOR SALE


Lakeland, GA 31635
$1,669,789 USD
646-805-1491
2 W Thigpen Ave, Lakeland, GA for Sale
$1,669,789 USD
Fast Food - FOR SALE
1/3
null | 4.75% Cap Rate

2 W Thigpen Ave
Lakeland, GA 31635


OVERVIEW

Double Net Leased McDonald’s w/ Landlord Responsibilities Limited to Roof and Structure, Located in Between Heavily Trafficked Sections of West Thigpen Avenue (5,540 Vehicles Passing Daily (VPD)) and West Church Avenue (880 VPD). Lease Features over 2-Years Remaining with 8 Percent Rent Increases Every 5-Years to Hedge Against Inflation and Provide Maximum Investor Security. Lease Corporately Guaranteed by McDonald’s (NYSE: MCD), the World’s Largest Restaurant Chain by Revenue Serving Over 69 Million Customers Daily with an S&P Rating of BBB+ and Included in the Fortune 500. Subject Property is Surrounded by Many of the Nation’s Most Successful Retailers Including AutoZone, NAPA Auto Parts, Piggly Wiggly, Dollar General, Huddle House, Exxon, Marathon Gas, and Subway, Among Others. Situated within One Quarter Mile of Lanier County Elementary, Middle and High School with a Combined 1,250 Students Enrolled and within One Half mile from SGMC Hospital a 25-Bed Facility Serving Lakeland and the Surrounding Communities. McDonald’s Benefits from Being One of Only Three Nationally Recognized Quick Service Restaurants in Lakeland and 17-Miles from the Nearest McDonald’s.

FOR SALE DETAILS

PRICE

$1,669,789 USD

PRICE/SF

$592 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

31,000 SF

ZONING

002

APN/PARCEL ID

L03-0040

ASK ABOUT THIS PROPERTY

Michael CardoneMarcus & MillichapMore Info
646-805-1491

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

Michael CardoneMarcus & MillichapMore Info
646-805-1491

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