1956 Broad St Athens, GA 30606-3542
Property profile & analytics
1956 Broad St, Athens, GA 30606-3542
- Turn key restaurants
- 8,011 SF
- 1.67 lot acres
Property ID
US22-1189247
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Yard Office for Car/Truck Donations / Corporate Office
- Red Lobster / Restaurant
Property Details for 1956 Broad St
- Year built
- 1973
- Construction
- STEEL FRAME
- Lot size
- 1.67 lot acres
- Zone code
- C-G
- Property type
- Turn key restaurants
- APN
- 12-2-C2 J-004-B
- APU
- 122C2J004B
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,400,000
- ML approach
- $5,370,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $3,185,000 Current use
- RETAIL STORES
- $6,100,000 Change: +91% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Clarke
- State
- Georgia
- Longitude
- -83.403
- Latitude
- 33.952
- CBSA code
- 12020
- CBSA name
- ATHENS-CLARKE COUNTY, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$33,119
$400,800
$659,016
$1,059,816
-
$1,002,000
$1,647,540
$2,649,540
