1808 Manchester Expy Columbus, GA 31904
NNN leased Japanese Steakhouse with zero landlord responsibilities.
Property size:
7,283 SFLot size:
1.14 AcresProperty Features for 1808 Manchester Expy
General Information
- Standard status
- Active
- Zoning
- Commercial Zoning - C3 - Neighborhood Commercial
- Size
- 7,283 SF
- Lot size
- 1.14 Acres
Building Details
- Year built
- 2010
Source:
Crexi
Listing Agency: Wesley Lewis SP Listing Agent: Wesley Lewis
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Freestanding NNN Investment Opportunity
This fee simple, freestanding building is an absolute NNN investment opportunity. The property is currently leased to Wasabi Japanese Steakhouse, which opened in April 2022 and fully renovated the premises at its own expense. The original 10-year lease has 5 years and 9 months remaining. The tenant has zero landlord responsibilities. The building, constructed in 2010-2011, has been a Japanese Steakhouse location since the 1980s. The property is positioned directly on the road, offering high visibility and ample parking, along with two access points. Rent commenced on December 1, 2021, and includes 10% increases every 5 years, including the two extension periods. The property is located one block west of St. Frances-Emory Hospital and Medical Campus, one mile north of Columbus Country Club, and two miles north of Columbus High School. It is also situated one parcel east of a new freestanding Starbucks with a drive-thru and half a mile west of a new Chick-fil-a with a dual drive-thru. The property benefits from high traffic counts of 50,300 AADT on Manchester Expressway and 72,200 AADT on Interstate 185. The 5-mile radius around the property has a population of 165,548, an average household income of $63,002, and a daytime population of 90,002. The building size is 7,283 square feet. Please note the 6.04% cap rate begins 12-1-2026.
Location Intelligence
Current Use by Public Records
Wasabi Japanese Steakhouse ...
Restaurant
Similar Places Nearby
Ole Times Country Buffet
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Muscogee
- State
- Georgia
- Longitude
- -84.9652888
- Latitude
- 32.5068006
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - NNN leased Japanese Steakhouse with zero landlord responsibilities.
Where is this conventional restaurant located?
The property is located at 1808 Manchester Expy Columbus, GA.
What are key features of this property?
This property features: - Absolute NNN Lease: Enjoy a completely passive investment with zero landlord responsibilities.; - Strong Tenant: Features Wasabi Japanese Steakhouse, a well-established concept that fully renovated the property.; - Favorable Lease Terms: Original 10-year lease with approximately 5 years and 9 months remaining, including 10% rent increases every 5 years.
