618 Shorter Ave NW Rome, GA 30165
Property Lookup
Property profile & analytics
618 Shorter Ave NW Rome, GA 30165
- Drive through restaurants
- 1,862 SF
- 0.50 lot acres
Property ID
US22-2063136
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
- Drive through restaurants
Property Details for 618 Shorter Ave NW
- Year built
- 2014
- Construction
- WOOD FRAME
- Lot size
- 0.50 lot acres
- Property size
- 1,862 SF
- Zone code
- C-C
- Property type
- Drive through restaurants
- APN
- I13K- -158 -
- APU
- I13K158
Description
This exceptional investment opportunity presents a 1,865 square foot Church's Chicken restaurant located at 618 Shorter Ave, Rome, GA 30165. The property sits on a 0.53-acre lot and boasts a strong 8.68% cap rate, generating a net operating income (NOI) of $112,860. The absolute NNN lease, with a corporate guarantee from High Bluff Capital, provides significant security and minimal landlord responsibilities. The lease commenced on November 9, 2014, with a 15-year term and 1.15% annual rent bumps. Currently, there are 5 years remaining on the lease, expiring November 9, 2029. Built in 2014, this well-maintained property benefits from a prime location on Shorter Avenue, experiencing a high volume of 30,800 vehicles per day. The strong demographics, including a population exceeding 56,000 within a 5-mile radius and proximity to Berry College (2,000+ enrollment), further enhance its investment appeal. Church's Chicken, a globally recognized brand with over 1,500 locations, has a proven track record of success. This offering presents a rare chance to acquire a below-replacement-cost asset with a secure, long-term lease and substantial upside potential. The property has been 100% occupied since November 10, 2014.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rome
- County
- Floyd
- State
- Georgia
- Longitude
- -85.201
- Latitude
- 34.2661
- CBSA code
- 40660
- CBSA name
- ROME, 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
$17,523
$111,552
$387,468
$499,020
-
$278,880
$968,670
$1,247,550
