Former Captain D's Building Sale | Absolute NNN - NEW PRICE!
Former Captain D's Building Sale | Absolute NNN - Elberton, GA
Marketing description
NEW IMPROVED PRICE!! INCREASED CAP RATE - 6.38%
Lux Agency is pleased to present the exclusive listing for this location, which was previously operated as a Captain D’s (Franchisee), located at 123 Elbert St, Elberton, GA 30635. The 2,618 square-foot freestanding building with drive-thru sits on 0.82 acres of land.
Annual Rent is $102,000.
The current tenant is no longer operating at this location, but is continuing to pay the monthly rent. The Lease is in Full Force and Effect. The lease is an Absolute NNN with 10% increases every 5 years. Flexibility to on-board new tenant at higher Rent.
The subject property is located in a strong retail corridor surrounded by national and local tenants, shopping centers and hospitality accommodations, including such major tenants as: Walmart, Ingles, Walgreens, CVS, Dollar General, McDonalds, Burger King, KFC, Pizza Hut, Taco Bell, and many more.
Elberton, known as the “Granite Capital of the World,” is a prosperous, growing community that produces more granite monuments than any other area in the world.
Investment highlights
Absolute NNN Lease: Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
Annual Rent: $102,000
Initial Lease Term: 20 Years
Rent Increases: 10% Every 5 Years
Year Built: 2021 (Retrofit)
Robust Retail Corridor: Surrounded by National Retailers such as Walmart, Ingles, Walgreens, CVS, Dollar General, McDonalds, Burger King, KFC, Pizza Hut, Taco Bell, & More
Passive Investment: Ideal For Investors Seeking Mailbox-Money Income With No Management Responsibilities
Tenant no longer operating at Location. Rent continues to be paid. Lease is in Full Force and Effect.
Flexibility to on-board new tenant at Higher Rent.
Granite Capital of the World – Elberton’s economy is anchored by the granite mining and processing industry, producing more granite monuments than anywhere else in the world
Regional Tourism Appeal – Draws visitors to the granite monuments, historic downtown, and 20,000 seat Granite Bowl
Strong Traffic Counts – Steady flow of both local and through traffic
Stable Local Economy – Supported by mining, manufacturing, agriculture, and logistics sectors
Growing Residential Base – Elbert County has seen steady housing growth and new developments
Pro-Business Community – Local government actively supports and retains employers
Ample Parcel Size – Large lot allows for easy parking and long-term redevelopment flexibility
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
