202 Newnan Crossing Byp - Restaurant FOR SALE


Newnan, GA 30263
$3,077,000 USD
714-393-2552
202 Newnan Crossing Byp, Newnan, GA for Sale
$3,077,000 USD
Restaurant - FOR SALE
1/10
null | 6.5% Cap Rate

202 Newnan Crossing Byp
Newnan, GA 30263


HIGHLIGHTS

  • 13+ Years Remaining | Scheduled Rental Increases |Options To Extend | Well-Known & Established Tenant
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel To Ashley Park Retail Center (6.1M+ Annual Visits) |National/Credit Tenants | Adjacent Target-Anchored Center
  • Excellent Visibility & Access | Dense Retail/QSR Corridor | Near Interstate 85 (67,600 VPD) | BullsBoro Dr (59,500 VPD)
  • Strong Demographics In 5-Mile Trade Area | Atlanta MSA |Near Large-Scale Apartment Developments

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Red Robin investment property located in Newnan, Georgia. The tenant has over 13 years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of 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. Founded in 1969, there are now more than 500 Red Robin restaurants across the United States and Canada, including those operating under franchise agreements.

FOR SALE DETAILS

PRICE

$3,077,000 USD

PRICE/SF

$473 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Robin | 13+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

128

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

001

APN/PARCEL ID

086-5054-012

ASK ABOUT THIS PROPERTY

Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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