478-746-8171

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638 Highway 53

$1,350,000

Cap Rate 7%

638 Highway 53
Gordon County
Calhoun, GA 30701

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Listing Agent

Stephanie Folsom, CCIM

Stephanie Folsom, CCIM

Associate Broker | Partner
O: 478-746-8171
M: 478-361-8259
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Google Map of 638 Highway 53 Calhoun,GA 30701

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Property Description

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Investment Opportunity

  • Tenant:  Popeyes
  • Franchisee:  GPS Hospitality
  • Absolute NNN
  • 20 Year Lease – Expiration date June 30, 2035
  • NOI: $94,380 (July 1, ’25 – June 30, ’30)   $103,812 (July 1,2030 – June 30,2035)
  • Renewal Option:  One 5-year with 10% rent escalations

 

  • 2,400± SF Restaurant building with drive-thru; two ordering stations and pick-up window
  • 1.35 Acre site; one curb-cut near the center of site
  • Parcel: C71-080

Property Details

Sale Type

For Sale

Property Type

Investment

Building sq. ft.

2,400 sq. ft. - 2,400 sq. ft. (+/-)

Lot Size

1.35 acres (+/-)

Year Built

2014

Stories

1

Parking Spaces

32

Electrical Info

3 Phase/4 Wire; single meter

Single Tenant

Yes

Property Pricing

Sale Price

$1,350,000

Cap Rate

7%

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