1956 Broad St Athens, GA 30606-3542

This exceptional investment opportunity presents a 7,236 square foot Red Lobster restaurant located at 1956 W Broad St, Athens, GA 30606. The property boasts a strong 6.00% cap rate and a substantial Net Operating Income (NOI) of $354,000. Secured by a corporate guarantee, this single-tenant, Net Lease (NNN) property offers significant financial security with zero landlord responsibilities. The 25-year lease, originally commencing July 31, 2014, has 14.7 years remaining, providing long-term stability. Built in 1973 and renovated in 2001, the property sits on a 1.79-acre lot zoned C-1. The lease includes 2% annual rent increases, offering built-in inflation protection. Four five-year lease options further enhance the investment's longevity. Situated in a high-traffic area with over 24,600 cars daily, this Red Lobster benefits from its prime location within a vibrant college town, serving a population of over 110,765 residents within a five-mile radius. The asking price is $5,900,000, translating to $815.37 per square foot. This is a rare opportunity to acquire a secure, high-performing investment property with significant long-term potential.