618 Shorter Ave NW Rome, GA 30165
For Lease
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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.
i. C-C Community Commercial (1) The C-C Community Commercial District is established to provide a location for a full-range of retail and office development serving the general needs of the community. The C-C District is considered inappropriate for heavier commercial uses 6363 that border on being more “ light industrial ” in nature, and thus more appropria…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C-C · Rome, GAi. C-C Community Commercial (1) The C-C Community Commercial District is established to provide a location for a full-range of retail and office development serving the general needs of the community. The C-C District is considered inappropriate for heavier commercial uses 6363 that border on being more “ light industrial ” in nature, and thus more appropriate for the H-C or L-I District. (2) It is the intent of the C-C District to promote a streetscape that encourages buildings to be moved forward adjacent to the front yard setback line and the edge of the required landscape improvements. This site design improves the benefits derived from the required landscaping and the overall image of the commercial corridor. j. C-B-C Central Business Commercial (1) Within C-B-C Central Business Commercial District the most intensive use of land is permitted in combination with a variety of commercial and residential uses. The district is intended to serve as the central headquarters for economic and administrative activity in the community. The district is designed to have uses that are centrally located and compact so that maximum convenience is afforded the users and occupants of the district. (2) It is the intent of the C-B-C District to be pedestrian friendly. Structured parking is encouraged over surface parking lots. There are no yard setbacks to encourage buildings to locate adjacent to the property line and utilize on-street or structured parking to the greatest extent possible. (3) In the C-B-C District residential use is encouraged above commercial operations in existing buildings, as well as within new, free-standing high- rise residential buildings . Commercial store fronts in existing buildings shall be maintained in both form and function and shall not be converted to residential use. (4) The CBC zoning district may also be used in the unincorporated areas where the availability of water, sewer, transportation routes and other services and utilities make high density, mixed used development possible . k. H-C Heavy Commercial (1) The H-C Heavy Commercial District is established to provide for the sales and service of commercial uses that are not considered as compatible with traditional retail sales and services allowed in the C-C District. (2) Uses within the H-C District border on being more “ light industrial ” in nature.
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.
