618 Shorter Ave NW - Fast Food FOR SALE


Rome, GA 30165
$1,189,000 USD
845-245-7122
618 Shorter Ave NW, Rome, GA for Sale
$1,189,000 USD
Fast Food - FOR SALE
1/7
null | 9.49% Cap Rate

618 Shorter Ave NW
Rome, GA 30165


HIGHLIGHTS

  • 4+ Years Remaining | Scheduled Rental Increases | Options To Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Walmart Supercenter & Sam’s Club | National/Credit Tenants
  • Strong Demographics In 5-Mile Trade Area

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, Church’s Chicken (Dark) investment property located in Rome, Georgia. The tenant, Church’s Chicken, has more than 4 years remaining on their original 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.5% annual rental increases throughout the initial term and during 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.

FOR SALE DETAILS

PRICE

$1,189,000 USD

PRICE/SF

$638 USD /SF

CAP RATE

9.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dark QSR w/ DriveThru | Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-C

APN/PARCEL ID

I13K-158

ASK ABOUT THIS PROPERTY

William DonlonSRS National Net LeaseMore Info
845-245-7122

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William DonlonSRS National Net LeaseMore Info
845-245-7122

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