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1460 S Highway 27
Carrollton, GA 30117

Price Upon Request

Restaurant For Sale  •  3,006 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 3,006 SF
  • Lot Size 1.47 AC
  • Building Class C
  • Year Built 2013
  • Tenancy Single
  • Zoning RESIDENTIA
40 Walk Score

Highlights

Sale Leaseback Opportunity - Brand new 20-year lease to be signed at close of escrow
Absolute NNN Lease - No landlord responsibilities make this an ideal purchase for an investor
Strong National Tenant - Steak ‘n Shake is recognized across the country and has over 600 locations total
Situated in the Heart of Carrollton - Within blocks of dozens of national retailers and easy access to and from Highways 27 and 166
Guaranty of Lease - Multi-unit operator
Fixed Increases Throughout Term - Healthy 7.5% rent increases every five years, including options

Financial Summary (Actual)

Net Operating Income: $112,500 USD (2019)

Major Tenants

Tenant SF Occupied Lease End Date
Steak n Shake 3,006 SF

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes