Freestanding NNN Investment
1808 Manchester Expy, Columbus, GA 31904
NNN leased Japanese Steakhouse with zero landlord responsibilities.
Type:Retail
Property size:
7,283 SFPrice / SF:
$340/SF- Added:
- Feb 15, 2024
- Days on Market:
- 817
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 1808 Manchester Expy
General Information
- Standard status
- Active
- Size
- 7,283 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2010
Listing agent Wesley Lewis License #GA 294001 Firm GA License H-75809
Listing office Wesley Lewis SP
Listing date Feb 15, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Wesley Lewis SP
HighLights
- 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.
- High‑Traffic Location: Located on Manchester Expressway with 50,300 AADT and near Interstate 185 with 72,200 AADT.
- Excellent Visibility and Access: Located directly on the road with ample parking and two access points.
- Strategic Location: Situated near a hospital, country club, highly‑ranked high school, and adjacent to new Starbucks and Chick‑fil‑A locations.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Wasabi Japanese Steakhouse ...
Restaurant
Similar Places Nearby
- Ole Times Country Buffet — 1900 Manchester Expy, Columbus, GA 31904
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 is the asking price?
The asking price for this property is $2,482,000.
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.
