Ref. HZ-BNHY44 · businessbroker · Restaurant · Bar / Pub · Investissement immobilier / Real Estate Investment
Shane's Rib Shack Net-Lease | Ellijay, GA
Ellijay, GA
88% complete
« no financial data provided by the source · data quality 44/100 »
Description
Offering SummaryAsking Price: $2,250,000Scheduled Cap Rate: 6%Current Annualized Base Rent: $133,712Tenant DBA: Shane's Rib ShackLease Expiration: January 2033Renewal Options: Two additional five-year optionsRent Increases: 2% annually in base term and option periodsBuilding Size: 4,284 square feetSite Area: /- 1.29 acresYear Built: 2005Investment HighlightsLong-term restaurant lease extending through January 2033, with two additional five-year renewal options.Contractual 2% annual increases lift annualized base rent to approximately $150,582 by the final scheduled step.Tenant is responsible for real estate taxes, property insurance, utilities and most repair and maintenance expenses.Percentage rent of 5% above a $1.8 million annual gross-sales breakpoint provides potential upside and is not included in the advertised cap rate.Established restaurant location operating at this site since 2008.Freestanding building with visibility from Highway 515, a primary commercial and travel corrido
Where this listing comes from
We aggregate this listing from businessbroker; we do not publish or verify it. Price, figures and contact details are those provided by the source. Continue there to contact the seller.
View listing on businessbrokerSomething inaccurate, or the listing is gone? Tell us — we re-check it at the source.