1260 Ga-21 Springfield, GA 31329
- Retail properties
- 1,328 SF
- 1.01 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1260 Ga-21
- Year built
- 1998
- Lot size
- 1.01 lot acres
- Property size
- 1,328 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity features a 1,328 square foot Huddle House restaurant located at 1260 GA-21, Springfield, Georgia 31329, in Effingham County. The property, built in 1998 and renovated in 2005, sits on a 1.01-acre lot and includes 10 parking spaces. Currently operating under a triple-net (NNN) lease with a corporate guarantee, the tenant is responsible for all operating expenses, minimizing landlord responsibilities. The lease has a remaining term of 16 years with three (5) year options and includes rent bumps of 7.5% every 5 years. The property boasts a strong 6.00% cap rate with a net operating income (NOI) of $93,564. The high-traffic location sees over 11,000 vehicles per day, ensuring excellent visibility. The surrounding area is densely populated, with over 16,000 residents and an average household income exceeding $98,000 within a 5-mile radius. The property is zoned B1 and offers a turnkey investment opportunity with significant potential for long-term returns. This single-unit, single-story building presents a stable and attractive investment for discerning buyers seeking a low-maintenance, high-income-producing asset. The 100% occupancy rate further solidifies this property's value and potential for continued success.
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
- Springfield
- County
- Effingham
- State
- Georgia
- Longitude
- -81.2969
- Latitude
- 32.3508
