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Key Property Details:Seller is willing to accept only $599,000 for the building, four houses, and property! Deal won't last long!Commercial building was completely renovated in 2024! Renovations include an all-new roof, HVAC system, electrical work, lighting, flooring, walls, ceilings, paint, bathroom, and a new front counter for retail sales!Turnkey commercial building! Skip the construction headaches and open for business right away!Property includes three parcels totaling 1.29 acres with a 4,250-square-foot commercial building as well as four one-bedroom houses behind the building and vacant land adjacent to the commercial building!The houses require interior renovation. The main commercial building is constructed entirely of masonry!Zoned C-H Highway Commercial, allowing a wide array of business uses!Permitted Uses include: gas station with convenience store; liquor store; vape or tobacco shop; grocery or specialty food store; restaurant including fast food; general retail; car wash; auto repair, parts, and vehicle sales; hotel or motel; laundromat or drycleaners; barbershop or salon; medical or professional office; bank; fitness center; and daycare!Reopen as a convenience store or explore other uses like a grocery store, liquor store, restaurant, vape shop, retail store, or another permitted commercial business!No COAM Contract! Buyer has full flexibility to go with any game machine master licensee!The property provides plenty of space for customer parking, future expansion, or redevelopment!Geographic & Demographic Details:Extremely High traffic count of 21,000 vehicles passing by the store each day!Excellent visibility and access along South Patterson Street, part of the US-41 corridor and the main southern gateway into Downtown Valdosta!Located where US-41, US-221, and GA-94 converge, funneling traffic from every direction directly past the property!Only 5 minutes from Interstate-75, which carries over 60,000 vehicles per day through Valdosta!Nearly 60,000 people live within 5 miles, and the local population is growing every year!Median Household Income is $44k!Located immediately south of Downtown Valdosta and surrounded by established residential neighborhoods, local businesses, restaurants, schools, government offices, and employment centers!McDonald's is located nearby on South Patterson Street, providing an additional daily traffic generator along the corridor!Close proximity to restaurants like McDonald's, 306 North, Covington's Dining & Catering, and Mo's Mediterranean Table!Nearby hotels like The McKey boutique hotel in Downtown Valdosta and the Holiday Inn Valdosta Conference Center!Near Valdosta State University and Valdosta City Schools, collectively serving over 19,000 students and faculty!Close proximity to the Lowndes County Courthouse, Valdosta City Hall, and the Annette Howell Turner Center for the Arts!Only 15 minutes from Moody Air Force Base, one of the region's largest employers with thousands of personnel!Only approximately 5 miles from Valdosta Regional Airport!45 min from Tifton, GA! 3 and a half hours from Atlanta! 1 hour from Lake City, FL! 1 hour 30 min from Tallahassee, FL! Approximately 2 hours from Gainesville, FL and Jacksonville, FL!Asking Price for the Commercial Building and Four Houses with Property is only $599,000! Deal won't last long!
Key Financials:Monthly sales are approximately $36,000 per month based on an Absentee operation!Monthly net profit is over $4,300 per month after all expenses including payroll of $4,500! HUGE opportunity for an Owner-Operator to take home over $8,500 per month!Store Information:Absentee-owned! Sellers are based in Atlanta! HUGE opportunity for owner operator to increase profits!4.5 average Star Rating on Google!High Margin Store! Seller prefers to sell at high margins. Monthly sales can increase substantially if Buyer competes with the local competition!No lottery is being sold at the store because Sellers are 100% Absentee! HUGE opportunity to include lottery and increase the business!No ATM at the store! Buyer can add an ATM and generate ATM income!Well-established location with excellent visibility directly along South 1st Street / US Highway 301 in Jesup, GA! Geographic & Demographic Details:Average traffic count of 12,900 vehicles passing by the store each day!Local population is increasing substantially at 5%! Median Household Income is $51k and climbing!Located directly along one of Jesup’s primary commercial corridors with strong daily traffic exposure! Near Coastal Pines Technical College with over 4,100 students, along with Wayne Memorial Hospital and other major employers that help drive consistent local traffic! Surrounded by various restaurants like Sonic Drive-In, Burger King, Huey Magoo’s, Habaneros Mexican Restaurant, Pizza Inn, Krystal within walking distance!Near multiple apartment communities and residential neighborhoods including Maria Gardens Apartments, The Village at Sunset Place, Fox Run Apartments, Madray & Madray Apartments, Pinewood Manor Apartments, and Wayne Terrace Apartments!Close proximity to major manufacturing and industrial employers including Rayonier Advanced Materials (RYAM), Great Southern Wood Preserving, Wayne Sanderson Farms, EAM Corporation, Frito-Lay Distribution Center, and Interstate Paper!Less than an hour from Brunswick, GA! Less than 1h 30 min from Savannah, GA! Less than 2 hours from Valdosta, GA!Asking Price for Business-only: $169,000 plus inventory! Rent is only $3,000 NNN per month with a 15-year lease available!
Offering SummaryAsking Price: $2,250,000Scheduled Cap Rate: 6%Current Annualized Base Rent: $133,712Tenant DBA: Shane's Rib ShackLease Expiration: January 2033Renewal Options: Two additional five-year optionsRent Increases: 2% annually in base term and option periodsBuilding Size: 4,284 square feetSite Area: /- 1.29 acresYear Built: 2005Investment HighlightsLong-term restaurant lease extending through January 2033, with two additional five-year renewal options.Contractual 2% annual increases lift annualized base rent to approximately $150,582 by the final scheduled step.Tenant is responsible for real estate taxes, property insurance, utilities and most repair and maintenance expenses.Percentage rent of 5% above a $1.8 million annual gross-sales breakpoint provides potential upside and is not included in the advertised cap rate.Established restaurant location operating at this site since 2008.Freestanding building with visibility from Highway 515, a primary commercial and travel corridor serving North Georgia.Nearby retail anchors and restaurants include Walmart Supercenter, Lowe's, Chick-fil-A, Wendy's and Zaxby's within the Highland Crossing commercial node.Location and Market HighlightsThe property is positioned within Ellijay's primary retail corridor and benefits from surrounding shopping, dining, lodging and residential development. The market also draws visitors seeking North Georgia's outdoor recreation, cabins, orchards, wineries and mountain attractions.Median household income of approximately $67,344 within three miles and $61,622 within five miles.Approximately 2,016 households within three miles and 7,368 households within five miles.Projected population growth of approximately 3.2% within three miles.Asking Price: $2,250,000.
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