Menu
t r a n s l a t e

O'Charley's Absolute NNN Lease Investment | 6.2% Cap Rate

737 Turner McCall Boulevard
Rome, GA 30165
PRICE : $2,825,000
CAP RATE: 6.2%
PROPERTY TYPE: Retail
SITE SIZE: 0.58 Acres
BUILDING SIZE: 7,000 SF
YEAR BUILT: 2007

Highlights

  • Absolute NNN lease
  • Fee simple ownership
  • Zero landlord responsibilities
  • Management-free investment for an out of state, passive investor
  • Personal guarantee
  • Sub 10% rent to sales ratio
  • Store sales increasing year over year
  • 33,680 average traffic count
  • Excellent street signage, visibility and access from US Hwy 27
  • Cross access and parking easements available
  • Many national retailers nearby

Description


Bull Realty's National Retail Group is pleased to offer this fee simple interest (land & building) in a freestanding, franchisee credit absolute NNN leased O’Charley’s, investment opportunity in Rome, GA.

This property is in the heart of the city on its main thoroughfare with traffic counts exceeding 33,680 per day. It is centrally positioned near many national brands including Publix, Home Depot, TJ Maxx, CVS, Chick Fil A, Kroger, Aldi, Marshalls, Pier One Imports, Ross and Hobby Lobby. The property comes with excellent street signage and visibility along Turner McCall Blvd. with direct highway access and cross easements to nearby retailers. It is conveniently located less than one mile from the Atlanta Braves AA team and Rome’s Historic Downtown Business District.

O’Charley’s, LLC will enter into an absolute NNN lease with an initial 10-year term and three 5-year options to extend. During the first 10-years the lease features 2% annual escalations and 10% escalations upon the commencement of each 5-year renewal, allowing the NOI to steadily grow and hedge against inflation. The absolute NNN lease comes with zero landlord responsibilities and is guaranteed by the franchisee.

Request more information