438 Main StSwainsboro, GA 30401
- Retail properties
- 1,732 SF
Property Details for 438 Main St
- Year built
- 1980
- Lot size
- 0.83 AC
- Property size (Sq ft)
- 1,732 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a 1,732 square foot Huddle House restaurant located at 438 S Main St, Swainsboro, GA 30401. The property sits on a 0.83-acre lot and features a single-story building constructed in 1980 with a permitted commercial zoning. Currently operating under a Net Lease (NNN) agreement with a 100% occupancy rate, the lease has 14 years remaining on a 20-year term, with 7.5% rent bumps every 5 years and three (5) year lease options. The property generates a Net Operating Income (NOI) of $64,080, resulting in a 6.00% capitalization rate. The asking price is $1,068,000. This turnkey investment offers significant potential for long-term growth and stability in a thriving community. The location boasts high visibility and accessibility, with over 14,000 vehicles passing daily. The surrounding area has a population exceeding 11,000 residents within a 5-mile radius and an average annual household income exceeding $127,000 within a 3-mile radius. This is a rare opportunity to acquire a well-established, high-performing restaurant property with a strong tenant and favorable lease terms.
Location Insight
- City
- Swainsboro
- County
- Emanuel
- State
- Georgia
- Latitude
- 32.586
- Longitude
- -82.3243
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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