618 Shorter NW Ave Rome, GA 30165-4224

Property Details for 618 Shorter NW Ave

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.

Location Insight

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