742 Highway 53 SE - Restaurant FOR SALE


Calhoun, GA 30701
$1,794,900 USD
646-805-1491
742 Highway 53 SE, Calhoun, GA for Sale
$1,794,900 USD
Restaurant - FOR SALE
1/4
null | Request Cap Rate

742 Highway 53 SE
Calhoun, GA 30701


OVERVIEW

Absolute NNN IHOP Located Just Off the Prime, Highly Trafficked Signalized Intersection of Highway 53and I-75 with Visibility from the Interstate and Traffic Counts Exceeding 45,000 Vehicles Per Day (VPD). Investors Have the Rare Opportunity to Acquire an IHOP with Attractive Percentage Rent Increases and No Remaining Tenant Options Providing Upside. IHOP Corp. is a Dine Brands Global Company and Multinational Breakfast Chain with Over1,800 (2019) Locations in the Americas, Middle East and Asia when Renegotiating or Repositioning the Subject Property. Subject Property is Situated in a Retail Corridor with Robust Activity Anchored by Home Depot, Aldi, Tractor Supply, Chick-fil-A, McDonald’s, Popeyes, Starbucks, Ruby Tuesday, Arby’s, and Panda Express Among Many Others. This IHOP is Strategically Positioned Less Than One Hour Driving Distance from Atlanta, GA and Chattanooga TN, with Direct Access to I-75, which Connects both Cities. Situated in a Dense Area with Over 34,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $66,000 and Projected Growth Exceeding 3 Percent within a 1-Mile Radius Between 2021 and 2026.

FOR SALE DETAILS

PRICE

$1,794,900 USD

PRICE/SF

$356 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

-

APN/PARCEL ID

C72-003A

ASK ABOUT THIS PROPERTY

Michael CardoneMarcus & MillichapMore Info
646-805-1491

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Michael CardoneMarcus & MillichapMore Info
646-805-1491

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