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Property profile & analytics
OFF-MARKET
Commercial real estate

5599 Altama Ave Brunswick, GA 31525-2206

1 ac lot
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US22-2501249
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a 1,100-square-foot Checkers and Rally's restaurant located at 5599 Altama Ave, Brunswick, GA 31525. Built in 2023, this single-story building sits on a one-acre lot and boasts a triple-net (NNN) lease with zero landlord responsibilities. The current tenant, Checkers and Rally's, operates under a 19-year absolute NNN lease with four 5-year options, providing significant long-term stability. Rent increases are structured with a 5% bump every five years, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $108,000, resulting in an attractive 6% cap rate on the $1,800,000 asking price. This prime location features a double drive-thru and a pick-up lane, maximizing efficiency and customer convenience. Its strategic placement near a Walmart Supercenter, Target, a regional mall, an Air Force base, a Homeland Security base, a college campus, and several schools ensures high traffic counts and strong sales volumes. The property is situated on a main retail corridor at a signalized intersection, further enhancing its visibility and accessibility. This is a rare opportunity to acquire a newly constructed, high-performing QSR property with exceptional long-term potential.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1 ac (43,560 SF)
Zoning code HC
APN 03-21092
UPID US22-2501249
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Checker’s Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
5599 Altama Avenue Brunswick LLC · 4 yrs held
5599 Altama Avenue Brunswick LLC
since 2022
2 recorded transactions
2022
Price N/A
2021
$320,000
Zoning & alternative use
HC · Brunswick, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

29 ARTICLE XI. - HC HIGHWAY COMMERCIAL DISTRICT Sec. 23-11-1. - Intent of district. It is the intent of th is section that the HC zoning distric t be dev eloped and reserved for commercial uses which primarily render a service or cater

Zone name Highway Commercial
General category COMMERCIAL
Zone area 351.38 ac
Source Zoning Ordinance
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