2923 Martha Berry Hwy - Fast Food FOR SALE


Rome, GA 30165
$1,128,000 USD
256-694-9803
2923 Martha Berry Hwy, Rome, GA for Sale
$1,128,000 USD
Fast Food - FOR SALE
1/5
null | 5.85% Cap Rate

2923 Martha Berry Hwy
Rome, GA 30165


HIGHLIGHTS

  • Strong and Affluent Demographics: Average household income is $101,000 within a 1 mile radius.
  • Corporate Guarantee: Guaranteed by all 267+ Jack’s locations
  • Strong Surrounding Retail: Strong local presence from other name brand tenants such as McDonald’s, Taco Bell, Zaxby’s, Belk, Chick-FIl-A Etc.
  • “Built-in” Credit Enhancement: Jack’s is expanding by approximately 20 new locations annually
  • Low Rent Ground Lease: Replaceable rent and low rent to sales ratio

OVERVIEW

Absolute NNN Ground Lease: 6.5 years remaining, plus four optional 5-year extensions. No landlord responsibilities, with rent increasing by 10% every five years.

FOR SALE DETAILS

PRICE

$1,128,000 USD

PRICE/SF

$425 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jack’s Family Restaurants

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

C-C

APN/PARCEL ID

J12X-029

ASK ABOUT THIS PROPERTY

Adam EnglishStream Capital PartnersMore Info
256-694-9803

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Adam EnglishStream Capital PartnersMore Info
256-694-9803

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