For Sale
$1,559,400

1260 Ga-21Springfield, GA 31329

High-yield Huddle House NNN lease investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity features a 1,328 square foot Huddle House restaurant located at 1260 GA-21, Springfield, Georgia 31329, in Effingham County. The property, built in 1998 and renovated in 2005, sits on a 1.01-acre lot and includes 10 parking spaces. Currently operating under a triple-net (NNN) lease with a corporate guarantee, the tenant is responsible for all operating expenses, minimizing landlord responsibilities. The lease has a remaining term of 16 years with three (5) year options and includes rent bumps of 7.5% every 5 years. The property boasts a strong 6.00% cap rate with a net operating income (NOI) of $93,564. The high-traffic location sees over 11,000 vehicles per day, ensuring excellent visibility. The surrounding area is densely populated, with over 16,000 residents and an average household income exceeding $98,000 within a 5-mile radius. The property is zoned B1 and offers a turnkey investment opportunity with significant potential for long-term returns. This single-unit, single-story building presents a stable and attractive investment for discerning buyers seeking a low-maintenance, high-income-producing asset. The 100% occupancy rate further solidifies this property's value and potential for continued success.

Highlights

  • Triple-net (NNN) lease; tenant responsible for all operating expenses.
  • 1,328 SF building constructed in 1998, renovated in 2005.
  • Strong demographics: over 16,000 residents and $98,000+ average household income within a 5-mile radius.
  • High visibility location with over 11,000 vehicles per day.
  • Huddle House corporate guarantee on a 16-year remaining lease term (20-year lease with 3 (5) year options), offering 7.5% rent bumps every 5 years.

Property Details for 1260 Ga-21

Property type
Retail properties, Restaurants
Square Feet
1,328 SF
Year Built/Renovated
1998/2005
Buildings
1
Stories
1
Lot Size (sq. ft)
43,996 SF
Units
1

Location Insight

City
Springfield
County
Effingham
State
Georgia
Latitude
32.3507998
Longitude
-81.2968758
1260 Ga-21, Springfield, Georgia

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1260 Ga-21
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