5599 Altama AveBrunswick, GA 31525

Property Details for 5599 Altama Ave

Lot size

1.00 AC

Zone code

HC

Property type

Commercial real estate

APN

03-21092

APU

321092

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $7,977,512

  Hospitality

  $7,307,358

  Educational

  $6,079,636

  Medical

  $6,288,724

  Retail

  $9,457,211

Location Insight

City

Brunswick

County

Glynn

State

Georgia

Latitude

31.2108

Longitude

-81.4819

CBSA code

15260

CBSA name

BRUNSWICK, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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