120 General Lee St | Ringgold, GA 30736
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- LoopNet Team
120 General Lee St
Ringgold, GA 30736
Farm to Fork · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Lease Term: ±14 years remaining
- Healthy Rent-to-Sales Ratio: 5.3%, strong store sales of $4,100,406 in 2021
- Strategic Location: Located right off of Interstate 75 which see’s 93,000 Vehicles Per Day
- Loyal Customer Base: Over 9 years of operation, A well-established local family favorite American restaurant in Ringgold, GA
- Large Parking Lot: 1.35 AC lot with 150+ parking spaces and additional room for trailers
- Combats Inflation: Rental increases of 2% increases in year 1 and 2, and a 1% increase for each additional year for the remainder if the lease term
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,200 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.35 AC
Zoning
RIN
Parking
39 Spaces (3.82 Spaces per 1,000 SF Leased)
Frontage
153’ on General Lee Drive
PROPERTY TAXES
| Parcel Number | 37C050A1A 01 | Improvements Assessment | $470,880 |
| Land Assessment | $317,552 | Total Assessment | $788,432 |
PROPERTY TAXES
Parcel Number
37C050A1A 01
Land Assessment
$317,552
Improvements Assessment
$470,880
Total Assessment
$788,432
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