Calhoun,GA Investment property for sale

Retail-Commercial for Sale
Catylist Listing ID: 29735156
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail
Building Status: Under Construction
Building Size (RSF): 10,057 SF
Gross Building Area: See Agent
Gross Land Area: 88,862 SF
Sale Price: $1,475,000
Unit Price: $146.66 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.75%
Last Updated: 9/20/2017

Overview / Comments

The approximately 10,057 sq,ft former Ryan's restaurant, fronts west belmont drive (HWY 53) the premier retail corridor in Calhoun,GA. new tenant (Hibachi Buffet & Sushi ),
5 years remaining on lease and option to renewal 5 years, NNN lease, 10% increase every 5 years, property located less than two miles from Interstate 75.
directly across Interstate 75 are the Calhoun Prime Outlets hosting over 50 brand name outlet stores and known as the largest outlet mall in northwest Georgia. located right next to Wal-Mart supercenter.
lot size:2.04 acres ,frontage 300 sq,ft. depth 300 sq,ft. year built 1998.

Calhoun is the county seat of Gordon county in northwest Georgia.Gordon county has a population of roughly 53,000 residents. 70 miles northwest of Atlanta,GA and 50 miles southeast of Chattanooga, TN. located right next to Wal-Mart supercenter.

Current Tenants

Tenant Business Name SUPER HIBACHI BUFFET&SUSHI

Additional Details

Nearest MSA: Calhoun
County: Gordon
Tenancy: Single Tenant
Year Built: 1999

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,426 14,540 36,135
Median Age: 32.48 34.08 34.62
Households: 2,653 5,424 12,768

Contact

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