This property has sold.

Details: Retail

Asking Price: $2,304,000

Square Feet: 2,255 SF

Asking Cap Rate: 6.25%

Year Built: 2020

NOI: $144,000

Lease Structure: Absolute NNN

SOLD – KFC – Grovetown

4040 Gateway Blvd, Grovetown, GA

THE OPPORTUNITY

  • 20 years of lease term remaining
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Strong demographics and growth associated with Cyber Command at Ft Gordon Army Base
  • 20-year base term with 5% rental bumps every 5 years
  • Multi-unit operator

THE HIGHLIGHTS

  • Fast Food vacancies within the market are nearly non-existent
  • Walmart outparcel
  • Just off I-20 (over 76,000 cars per day)
  • Dynamic daytime traffic generators between I-20, Fort Gordon, Doctors Hospital, future site of AU Hospital, regional YMCA, 300 plus unit new apartment project in the node, fastest growing single-family residential submarket in the Augusta MSA, and Augusta’s primary professional submarket

30 Days from Contract to Close!

This property has sold.