618 Shorter AveRome, GA 30165

  • Retail properties
  • 1,862 SF
For Sale
$1,300,000 View listing

Property Details for 618 Shorter Ave

Year built
2014
Construction
WOOD FRAME
Lot size
0.50 AC
Property size (Sq ft)
1,862 SF
Zone code
C-C
Property type
Retail properties
Property subtype
Drive through restaurants
APN
I13K- -158 -
APU
I13K158

Description

This exceptional investment opportunity presents a 1,865 square foot Church's Chicken restaurant located at 618 Shorter Ave, Rome, GA 30165. The property sits on a 0.53-acre lot and boasts a strong 8.68% cap rate, generating a net operating income (NOI) of $112,860. The absolute NNN lease, with a corporate guarantee from High Bluff Capital, provides significant security and minimal landlord responsibilities. The lease commenced on November 9, 2014, with a 15-year term and 1.15% annual rent bumps. Currently, there are 5 years remaining on the lease, expiring November 9, 2029. Built in 2014, this well-maintained property benefits from a prime location on Shorter Avenue, experiencing a high volume of 30,800 vehicles per day. The strong demographics, including a population exceeding 56,000 within a 5-mile radius and proximity to Berry College (2,000+ enrollment), further enhance its investment appeal. Church's Chicken, a globally recognized brand with over 1,500 locations, has a proven track record of success. This offering presents a rare chance to acquire a below-replacement-cost asset with a secure, long-term lease and substantial upside potential. The property has been 100% occupied since November 10, 2014.

618 Shorter Ave, Rome, Georgia

Location Insight

City
Rome
County
Floyd
State
Georgia
Latitude
34.2661
Longitude
-85.201
CBSA code
40660
CBSA name
ROME, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,523
$111,552
$387,468
$499,020
-
$278,880
$968,670
$1,247,550

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