5599 Altama Ave Brunswick, GA 31525-2206
This exceptional investment opportunity presents a fee-simple ownership of a 1,100-square-foot Checkers and Rally's restaurant located at 5599 Altama Ave, Brunswick, GA 31525. Built in 2023, this single-story building sits on a one-acre lot and boasts a triple-net (NNN) lease with zero landlord responsibilities. The current tenant, Checkers and Rally's, operates under a 19-year absolute NNN lease with four 5-year options, providing significant long-term stability. Rent increases are structured with a 5% bump every five years, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $108,000, resulting in an attractive 6% cap rate on the $1,800,000 asking price. This prime location features a double drive-thru and a pick-up lane, maximizing efficiency and customer convenience. Its strategic placement near a Walmart Supercenter, Target, a regional mall, an Air Force base, a Homeland Security base, a college campus, and several schools ensures high traffic counts and strong sales volumes. The property is situated on a main retail corridor at a signalized intersection, further enhancing its visibility and accessibility. This is a rare opportunity to acquire a newly constructed, high-performing QSR property with exceptional long-term potential.
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Checker’s Restaurant Take-out & Catering
29 ARTICLE XI. - HC HIGHWAY COMMERCIAL DISTRICT Sec. 23-11-1. - Intent of district. It is the intent of th is section that the HC zoning distric t be dev eloped and reserved for commercial uses which primarily render a service or cater
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
HC · Brunswick, GA29 ARTICLE XI. - HC HIGHWAY COMMERCIAL DISTRICT Sec. 23-11-1. - Intent of district. It is the intent of th is section that the HC zoning distric t be dev eloped and reserved for commercial uses which primarily render a service or cater
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.