3201 Macon Rd - Restaurant FOR SALE


Columbus, GA 31906- Midtown Columbus
$1,800,000 USD
646-805-1438
3201 Macon Rd, Columbus, GA for Sale
$1,800,000 USD
Restaurant - FOR SALE
1/9
null | 6.48% Cap Rate

3201 Macon Rd
Columbus, GA 31906
Midtown Columbus


HIGHLIGHTS

  • 5+ Years Remaining | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Direct Residential Consumer Base | Affluent Community |Demographics in 5-Mile Trade Area
  • Outparcel to 371K+ SF Lifestyle Center | Dense Retail Trade Area
  • Located Along Macon Road | Centralized Location | Excellent Visibility & Access

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest in an absolute NNN, freestanding, corporate signed, LongHorn Steakhouse investment opportunity located in Columbus, GA. The tenant, Rare Hospitality International, Inc. (dba LongHorn Steakhouse) has over 5.5 years of firm term remaining with an additional 4 (5-year) option periods to extend. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1981, LongHorn Steakhouse is among the leading steakhouse chains with over 590 operating restaurants across 43 states.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$315 USD /SF

CAP RATE

6.48%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LongHorn Steakhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

NC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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