For Sale
$1,800,000

5599 Altama Ave Brunswick, GA 31525

High-yield QSR investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a fee-simple ownership of a 1,100-square-foot Checkers and Rally's restaurant located at 5599 Altama Ave, Brunswick, GA 31525. Built in 2023, this single-story building sits on a one-acre lot and boasts a triple-net (NNN) lease with zero landlord responsibilities. The current tenant, Checkers and Rally's, operates under a 19-year absolute NNN lease with four 5-year options, providing significant long-term stability. Rent increases are structured with a 5% bump every five years, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $108,000, resulting in an attractive 6% cap rate on the $1,800,000 asking price. This prime location features a double drive-thru and a pick-up lane, maximizing efficiency and customer convenience. Its strategic placement near a Walmart Supercenter, Target, a regional mall, an Air Force base, a Homeland Security base, a college campus, and several schools ensures high traffic counts and strong sales volumes. The property is situated on a main retail corridor at a signalized intersection, further enhancing its visibility and accessibility. This is a rare opportunity to acquire a newly constructed, high-performing QSR property with exceptional long-term potential.

Highlights

  • Long-term lease in place.
  • Triple-net (NNN) lease; zero landlord responsibilities.
  • Brand new construction; prototype design.
  • Features a double drive-thru and a pick-up lane (three lanes total).
  • Situated at a signalized intersection.
  • High sales volume; extended operating hours.

Property Details for 5599 Altama Ave

Property type
Retail properties
Square Feet
1,100 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Brunswick
County
Glynn
State
Georgia
Latitude
31.211093531486
Longitude
-81.48127577434

FAQs

What type of property is this?
Retail property - High-yield QSR investment opportunity.
Where is the retail property located?
The property is located at 5599 Altama Ave Brunswick, GA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Long-term lease in place.; Triple-net (NNN) lease; zero landlord responsibilities.; Brand new construction; prototype design.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5599 Altama Ave
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