For Sale
For Sale
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Year Built
1978
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Total Building Size
2,452 RSF
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Overview
SALE - LEASE BACK / ABSOLUTE TRIPLE NET / NO LANDLORD RESPONSIBILITY.
Perfect bite sized investment deal - absolute triple net deal, with zero landlord responsibilities. Tenant will execute a 15 year lease at close of escrow, featuring monthly rent starting at $5000/month plus monthly escrows for property taxes and insurance. The lease will feature annual rent escalations of 1.5%, sales reporting and is guaranteed by an experienced operator, Hilliard Enterprises DBA Mrs Winners Chicken & Biscuits. (https://lovemrswinners.com/).
Currently a single unit operator, Hilliard Enterprises owns the rights to develop Mrs. Winner's in the crescent north of I-20 from west of downtown Atlanta to east of I-575, beginning at I-75 in downtown Atlanta. Hilliard's experience is rooted in over 20 years at Travel Centers of America, for whom he opened and managed over 50 quick service restaurants of various brands.
Property Details
SALE - LEASE BACK / ABSOLUTE TRIPLE NET / NO LANDLORD RESPONSIBILITY.
Perfect bite sized investment deal - absolute triple net deal, with zero landlord responsibilities. Tenant will execute a 15 year lease at close of escrow, featuring monthly rent starting at $5000/month plus monthly escrows for property taxes and insurance. The lease will feature annual rent escalations of 1.5%, sales reporting and is guaranteed by an experienced operator, Hilliard Enterprises DBA Mrs Winners Chicken & Biscuits. (https://lovemrswinners.com/).
Currently a single unit operator, Hilliard Enterprises owns the rights to develop Mrs. Winner's in the crescent north of I-20 from west of downtown Atlanta to east of I-575, beginning at I-75 in downtown Atlanta. Hilliard's experience is rooted in over 20 years at Travel Centers of America, for whom he opened and managed over 50 quick service restaurants of various brands.
- Property TypeRetail
- Submarket
- Year Built1978
- Sale Price$775,000
- Total Building Size2,452RSF
- Total Acres0.99
- Cap Rate8.0%
- Property ID1159963