154 Main St Baxley, GA 31513
- Retail properties
- 2,021 SF
- 0.80 lot acres
Current Use by Public Records
- Burger King / Restaurant / Fast Food Restaurant
Property Details for 154 Main St
- Year built
- 2000
- Lot size
- 0.80 lot acres
- Property size
- 2,021 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 2,021 square foot Burger King located at 154 S Main St, Baxley, GA 31513. The property sits on a 0.8-acre lot and boasts a strong 14-year remaining lease term (expiring 10/31/2038) with a highly creditworthy franchisee tenant. The lease is a Triple Net (NNN) lease, meaning zero landlord responsibilities. The current annual net operating income (NOI) is $132,728, representing a 6.00% cap rate on the $2,212,140 asking price. The lease includes attractive rental increases of 5% every 5 years throughout the base term and four 5-year renewal options. Built in 2000, this property offers a secure, passive income stream with significant upside potential. The property's price per square foot is $1,094.58. This is a turnkey investment ideal for passive income seekers. The lease commenced on October 30, 2018. The property is currently 100% occupied.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baxley
- County
- Appling
- State
- Georgia
- Longitude
- -82.3499
- Latitude
- 31.7766