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Mabel's Restaurant NNN Lease 110 S Main Ave 3,100 SF Retail Building Pine Mountain, GA 31822 $595,000 ($191.94/SF) 7.11% Cap Rate
Investment Highlights
- Bite size investment
- Corner lot with excellent visibility from Main Ave and Hwy 27
- Good foot traffic location in downtown Pine Mountain
- 2.5 miles from 2,500 acre Callaway Resort & Gardens (750,000 visitors annually)
Executive Summary
Retail Investment Group is pleased to offer for sale this Mabel’s in Pine Mountain, Georgia. This opportunity features a NNN lease that expires July 14 2030. There are 2 options to extend for 5 years each. Lease will increase by 10% during each 5 year period. Building was constructed in 1996, this ±3,100-square-foot building sits on a ±0.65 acre lot.
Brian Brockman
Bang Realty-Georgia, Inc
Lic: 378952
513.898.1551
bor@bangrealty.com
Brian Brockman
Bang Realty-Georgia, Inc
Lic: 378952
513.898.1551
bor@bangrealty.com
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,100 SF
Building Class
C
Year Built
1996
Price
$595,000
Price Per SF
$191.94
Cap Rate
7.11%
NOI
$42,300
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.65 AC
Zoning
C3
Parking
25 Spaces (8.06 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Freeway Visibility
- Property Manager on Site
- Pylon Sign
- Restaurant
- Accent Lighting
- Recessed Lighting
- Air Conditioning
Property Taxes
| Parcel Number | 056B136 | Improvements Assessment | $92,768 |
| Land Assessment | $51,762 | Total Assessment | $144,530 |
Property Taxes
Parcel Number
056B136
Land Assessment
$51,762
Improvements Assessment
$92,768
Total Assessment
$144,530
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Mabel's Restaurant NNN Lease | 110 S Main Ave
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