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302 N MAIN ST Wrens GA 30833-1139

[Locked] • APN R002 172

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Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Building SqFt 2,695
Lot SqFt 57,499
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C
Year Built 2006
Building Count 1
Opportunity Zone No
Sale NOI ******
Sale Cap Rate ******
Lease Rate ******
Lease Type ******

Property History

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Property Type
Property Type
Retail
Property Subtype
QSR/Fast Food, Restaurant
Asking Details
Asking Cap Rate
******
Marketing Description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, KFC and Taco Bell investment property located in Wrens, Georgia. The tenant, KBP Foods, has 14 years of term remaining on its 20-year lease with 2 (5-Year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

The asset is located near the signalized, hard-corner intersection of North Main Street and Broad Street, combining to average over 17,500 vehicles passing by daily. North Main Street is a major retail thoroughfare serving the city of Wrens. Furthermore, the site is located near State Highway 17/80, providing an additional 5,400 vehicles daily. The subject property is located near a 43,000+ square foot Ingles Markets, in addition to a 34,400+ square foot IGA grocery store. The property is in the center of Wren’s primary retail corridor with other nearby national/credit tenants including McDonald’s, Subway, O’Reilly Auto Parts, Regions Bank, Family Dollar, Dollar General, H&R Block, Marathon, Chevron, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Wrens Middle school with over 230 students. The 5-mile trade area is supported by a population of over 4,700 with an average household income of $68,461.

Investment Highlights
  • Approximately 14 Years Remaining | Options To Extend | Scheduled Rental Increases

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Strong Retail Corridor | National/Credit Tenant Presence

  • Strong Demographics In 5-Mile Trade Area

Sale Date
******
Sold Price
******
Buyer Borrower 1 Corp Indicator
******
Buyer Borrower 1 Name
******
Buyer Borrower 1 Relationship Type
******
Document Number
******
Document Type
******
Recording Book
******
Recording Page
******
Resale Flag
******
Sales Price Code
******
Seller 1 Corp Indicator
******
Transaction Type
******
Seller 1 Name
******
Sold By
******
Sold To
******

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
MM
Matthew Mousavi PRO
•••.•••.1116
•••••••.•••savi@•••••.com
Brokerage logo
Sold on
 BY:
PL
Patrick R. Luther, CCIM PRO
•••.•••.1115
•••••••.••ther@•••••.com
Brokerage logo

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