Little Caesars NNN Property For Sale — Hartwell & Elberton, GA · 3,500 SF
Hartwell & Elberton, GA 30643
Portfolio of two freestanding single-tenant Little Caesars restaurants located in Hartwell and Elberton, Georgia. The properties feature brand new 5-year absolute NNN sale-leaseback agreements with 1.5% annual rent escalations and three 5-year renewal options. Both locations were originally constructed as Sonic Drive-Ins in 2005 and comprehensively renovated into Little Caesars in 2012/2013 at an estimated cost of $115,000 each. The lease is backed by an experienced, award-winning 9-unit franchisee operator. The Hartwell location is situated on a 1.05-acre outparcel at the entrance to a Walmart Supercenter, while the Elberton property occupies a 0.96-acre site on a primary commercial artery with billboard income included. Both sites must be purchased together as a portfolio.
- Address: Hartwell & Elberton, GA 30643
- Asking price $1.28M
- 8.30% cap rate
- NOI $106,320
- 5 years remaining
- NNN lease
- Year built: 2005
- Building size: 3,500 SF
- Lot size: 2.01 acres
- Rent increases: 1.5% annually
- Guarantor: Corporate
Location
This Little Caesars property is in Hartwell & Elberton, Georgia.
Asset type: QSR