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1492 E Oglethorpe Hwy

Hinesville, GA 31313

$3,485,000

Restaurant For Sale  •  6,250 Sq Ft

Property Details

  • Property Type Restaurant
  • Total Building Size 6,250 Sq Ft
  • Lot Size 1.38 ac
  • Building Class B
  • Year Built 2006
  • Cap Rate 7.00 %
  • Tenancy Single
0 Transit Score
24 Walk Score

Description

Prime investment in the growing Hinesville area! Passive income for an investor with no landlord responsibilities! Triple Net lease with 9 years remaining!! In the year 2022,the rent increases by 10% which equals a Cap Rate of 7.2%! (Three 5 year options with 10% increase) This store performs 18% above the Applebee's national store sales average! Operated by Apple American Group, on of the largest Applebee's franchisee's, with around 480 locations throughout the US. Quality brick construction situated on a large 1.38 acre parcel, adjacent to the Marriott Inn and Holiday Inn. Traffic count is over 30,000 cars per day. 4 miles to Fort Stewart, housing over 11,000 people. Over 50,000 Soldiers and Family members surrounding the base in Hinesville.

Highlights

Close to Fort Stewart
High traffic area
Triple Net lease
Brick building
Investor passive income

Property Flyers

Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Apple American Group LLC 6,250 SF 12/31/2026

Amenities

  • Bus Line
  • Pylon Sign
  • Restaurant
  • Signage

Public Transportation

AirportDriveWalkDistance
Savannah/Hilton Head International Airport 49 min - 37.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
John Arthun Berkshire Hathaway Drysdale Properties
John Arthun Berkshire Hathaway Drysdale Properties