Current Use by Public Records
- Retail properties & Spaces
Property Details for 1117A Spring St
- Year built
- 2002
- Lot size
- 0.50 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 2,135 square foot Pizza Hut located at 1117A W Spring St, Monroe, GA 30655. The property sits on a 0.5-acre lot with 42 parking spaces and boasts a strong 6.60% cap rate, generating a $59,000 NOI. Built in 2002, this single-tenant, absolute NNN lease with GPS Hospitality, a highly reputable franchisee with over 55 Pizza Hut locations, offers a new 10-year lease term with four 5-year renewal options. The lease includes attractive 7.5% rent bumps every five years, providing inflation protection and significant long-term value. This strategically located property benefits from high visibility on W Spring St (17,000 VPD), is part of a larger retail development anchored by national brands including Harbor Freight, Taco Bell, and Panera Bread, and enjoys proximity to other major retailers like The Home Depot and Walmart. The asking price is $875,000. This is a rare opportunity to acquire a stable, high-performing asset with significant upside potential in a thriving retail corridor.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Walton
- State
- Georgia
- Longitude
- -83.7326
- Latitude
- 33.7923
