Tony Morrison | Lantern Bay Realty, Inc.
 
Residential Commercial Investments
 

1320 N. Highway 85  Fayetteville, GA 30214, United States

REF #:89910 

 Single Tenant Triple Net Leased Johnny Carinos




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$3,000,000 

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 presented by:

 

Tony Morrison

Lantern Bay Realty, Inc.

888-411-TONY(8669) phone

949-254-4044 mobile phone

Inquire about property
 
 
DESCRIPTION

A  Class 10,000  Avail. Sqft. 20  Parking
2  Restrooms N/A  Div. Sqft. N/A  Monthly Fees
2006  Year Built 10000  Blding Sqft. 1  Total Floors
15000  Lot Size Retail  Type 1  Floor Location

The subject property enjoys high drive by visibility off of Highway 85. Located blocks south of Fayette Pavillions in Fayetteville Georgia. Tenants include: Kohl's, Super Wal-Mart, Target, Home Depot, Publix, Old Navy, etc. THE TENANT: Ameliorate currently has 12 restaurants including 10 in Georgia, 2 located in Alabama. The Development Agreement allows the development of 30 units. Fayetteville is a city located in Fayette County, Georgia. Fayette County, considered the Pearl of Metropolitan Atlanta s Southern Crescent Region , has experienced unprecedented growth for more than three decades -- growth which transformed this once struggling, rural community, into a premier, suburban community with a very much sought-after quality of life. Highlights •New 20-Year Absolute NNN Lease •10% Rental Increases Every 5 Years, Annual Net Operating Income is $252,000

   
  • Property Type: Commercial For Sale
  • Sale Type:
  • Complex/Area: N/A
  • Current Use: Restaurants/Bars/Nightclubs
  • Building Type: Restaurants/Bars/Nightclubs
  • Min. Down/Deposit: 30
  • Road Frontage: Mall
  • Expenses: 0
  • Cap Rate: 8
  • Operating Income: $252000
  • Vacancy: 0
  • Gross Annual Income: $252000
 
 

Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in. All information is deemed reliable but its accuracy is not guaranteed and the viewer should independently verify all information.

 
 


108248


Tony Morrison
Lantern Bay Realty, Inc.
Ph: 888-411-TONY(8669)  -  Fax: 866-291-1863
34179 Golden Lantern St. #103
Dana Point, CA 92629
DRE License # 01346460
www.comresagent.com

 

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