DEALS

Deals

Captain D’s – Cochran, GA

THE OPPORTUNITY

  • Excellent long-term single-tenant investment opportunity
  • Brand new Captain D’s Seafood Restaurant with a 20-Year Absolute NNN Lease
  • The franchisee is an experienced operator of 8 franchises consisting of Captain D’s, Dairy Queen, and Edible Arrangements, and the lease is backed by four personal guarantees
  • Scheduled rent increases provide a long-term, secure growth asset

THE DEAL POINTS

  • Square Feet: 2,186 SF
  • Occupancy: 100%
  • Asking Price: $1,875,000
  • Asking Cap Rate: 6.51%
  • Year Built: 2019

THE HIGHLIGHTS

  • LONG TERM: 20-Year Initial Lease Term, Four 5-Year Options
  • SECURE: Strong personal guarantees from four individuals
  • GROWTH: 5% Rental Increases every 5 years through the primary term; 10% Increases at each option period
  • EXPERIENCE: Tenant operates combined 8 QSR locations incl. Dairy Queen in Cochran
  • “TURN-KEY”: Development allows for accelerated depreciation of included FF&E

 

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