1117A Spring St Monroe, GA 30655
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.