700 Market Pl | Locust Grove, GA 30248
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700 Market Pl
Locust Grove, GA 30248
Steak 'n Shake, Locust Grove · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Sale Leaseback Opportunity - Brand new 20-year lease to be signed at close of escrow
- Walmart Supercenter Pad Site and walking distance to Tanger Outlets shopping mall
- Can be Sold as a Portfolio with another Steak 'n Shake in Carrollton or Individually
- Strong National Tenant - Steak ‘n Shake is recognized across the country and has over 600 locations total
- Fixed Increases Throughout Term - Healthy 7.5% rent increases every five years, including options
- Absolute NNN Lease - No Landlord responsibilities make this an ideal purchase for an investor
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,508 SF
Building Class
C
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.10 AC
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
ABOUT 700 MARKET PL , LOCUST GROVE, GA 30248
The property boasts a great location in the trade area, near the busy intersection of Bill Gardner Parkway and Interstate 75 (65,802 total VPD). It’s located one block from Interstate 75 on- and off-ramps.
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