Investment Summary
Price | $1,844,000 |
Cap Rate | |
NOI | |
Lease Term | 20 Years |
Lease Type | |
Rental Increases | 10% Rental Increases Every 5 Years |
Year Built | 2016 |
Building Size | 2,968 sq. ft. |
Lot Size | 1.1 Acres (47,916 sq. ft.) |
Status | Sold |
Lead Brokers | Scott Crowle Senior Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Michael T. Yuras, CCIM Executive Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 |
Investment Highlights
LOW-RISK, PASSIVE INVESTMENT
» Brand new 20-year NNN lease with no landlord responsibilities
» 10% fixed rent increases every five years in initial term and option periods, providing a hedge against inflation
» Tenant/guarantor is the second largest Hardee’s franchisee in the U.S.
INTERSTATE 75 CORRIDOR LOCATION
» Freeway-visible parcel just off of Interstate 75 – 53,710 AADT
» One mile from historic downtown
» Close proximity to Georgia National Fairgrounds & Agricenter – over 900,000 visitors per year
BRAND NEW CONSTRUCTION
» Built in 2016 to Tenant’s exact specifications
» Latest Hardee’s prototype
» Features a dedicated drive-thru, providing additional convenience to customers and increasing sales revenue
WARNER ROBINS MSA MARKET
» One of the fastest-growing communities in Georgia
» Georgia was named the “Top State for Doing Business” in 2013 and 2014
Click Here to Download Offering Memorandum
Property Description
SOLD
The property is strategically located at the intersection of two of Perry’s busiest thoroughfares. The property benefits from its location along Sam Nunn Boulevard, which experiences a traffic count of 17,290 vehicles per day directly in front of the site, and its close proximity to Interstate 75, with excellent visibility and access to 53,170 vehicles per day. The site is outparcel to the Holiday Inn Express & Suites, Perry’s premier hotel, which features an outdoor pool, fitness center, business center, meeting rooms, and convenience store. A number of other hotels surround the site, due to its central location; the property is one mile from Perry’s historic downtown, approximately three miles from the Georgia National Fairgrounds & Agricenter, and 22 miles from Robins Air Force Base.
Two large retail centers are less than half a mile from the property. The first, Plaza Shopping Center, features major national tenants, such as Walmart Supercenter, Aaron’s, Shoe Show, and Dollar Tree. The second center, Perry Marketplace, is anchored by Kroger, Ace Hardware, and Bealls Outlet. The remaining shop spaces are tenanted by Sally Beauty Supply, Verizon, Great Clips, Hibbett Sports, GNC, Cato, NAPA Auto Parts, and others.