Jack’s Family Restaurants

Net Lease

2923 Martha Berry Highway, Rome, Georgia

Ownership Type:

Owner/User

Price:

$1,128,000

Cap Rate:

5.85%

Current Rent:

$66,000

Tenancy:

Single Tenant

Lease Type:

Ground Lease

Landlord Responsibilities:

None

Lease Expiration Date::

Approx. 6.5 years

Renewal Options:

4, 5 year options

Building Sq. Ft.:

3,654 SF

Rent Increases:

10% every 5 years

Site Size:

1.1 Acres

Investment Highlights

Absolute NNN Ground Lease: 6.5 years remaining, plus four optional 5-year extensions. No landlord responsibilities, with rent increasing by 10% every five years.
Strong and Affluent Demographics: Average household income is $101,000 within a 1 mile radius.
Corporate Guarantee: Guaranteed by all 267+ Jack’s locations
Strong Surrounding Retail: Strong local presence from other name brand tenants such as McDonald’s, Taco Bell, Zaxby’s, Belk, Chick-FIl-A Etc.
“Built-in” Credit Enhancement: Jack’s is expanding by approximately 20 new locations annually
Low Rent Ground Lease: Replaceable rent and low rent to sales ratio

Access Offering Memorandum

Ownership Type:

Owner/User

Price:

$1,128,000

Cap Rate:

5.85%

Current Rent:

$66,000

Lease Type:

Ground Lease

Landlord Responsibilities:

None

Lease Expiration Date::

Approx. 6.5 years

Renewal Options:

4, 5 year options

Building Sq. Ft.:

3,654 SF

Rent Increases:

10% every 5 years

Site Size:

1.1 Acres

Listing Agents

Adam English

Managing Director
256.694.9803[email protected]

Adam Baxter

Vice President
205 394 3520[email protected]

Ben Hollis

Analyst
256.595.2574[email protected]

Georgia Broker of Record: Dean Copans, Lic. #430314

Download Offering Memorandum

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