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- LoopNet Team
1160 E Boone Ave
Kingsland, GA 31548
IHOP · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN - No Landlord Responsibilities
- Surrounded by Over a Dozen Hotels and Numerous National Retailers
- Kingsbay Naval Base | Okefenokee National Wildlife Refuge | Cumberland Island
- 10 years Remaining on Primary Term | 1% Annual Rent Escalations | Six, 5-yr Options
- 25 Miles from Jacksonville, Florida
- Largest IHOP Franchisee in the World w/ 152 Units
PROPERTY FACTS
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
ABOUT 1160 E BOONE AVE , KINGSLAND, GA 31548
TREK Investment Group is pleased to offer for sale the IHOP Restaurant in Kingsland, Georgia, 25 miles north of Jacksonville, Florida. This property comes with an absolute NNN lease with 10 years remaining and 1% annual rent escalations. The Tenant Sunshine Restaurant Partners is the largest IHOP franchisee in the world with 152 units. The asset is surrounded by over a dozen hotels which house the thousands of tourist who stay in the historically recognized town of Kingsland while visiting Cumberland Island and the Okefenokee National Wildlife Refuge every year. The property is 4,574 square feet on a 1 acre lot, situated near the high trafficked intersection of I-95 and Hwy 40 with national retailers such as Cracker Barrel, McDonalds, Chick-Fil-A, Dunkin Donuts and more. Hwy 40 is the town's major thoroughfare leading from town center to Kingsbay Naval Base with a population of 15,000+ bringing Kingsland population to 32,000+. This asset offers an investor an Absolute NNN 10 year lease with annual rent increases near one of the highest trafficked intersections of Kingsland at 49,000+VPD, in the heart of one of Georgia's most popular tourist destinations.
PROPERTY TAXES
| Parcel Number | 095-010G | Improvements Assessment | $222,274 |
| Land Assessment | $180,000 | Total Assessment | $402,274 |
PROPERTY TAXES
