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Restaurant

Farm to Fork

120 General Lee Street, Ringgold, GA 30736

Listing Price: $3,000,000

Cap Rate
7.56%
Tenant Name
Farm to Fork
Years Remaining On Lease
12.2
Guarantor
Franchisee Guarantee
Rentable SF
10,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.25

Investment Overview

* Farm to Fork is a highly successful 10,200 SF casual restaurant located in Ringgold, GA, which is approximately 17 miles Southeast of Chattanooga, TN
* Very strong store sales- rent/sales is sub 6.0%
* Current operator, Hayes Eateries, LLC, also operates a successful Schlotzky’s Deli in Dalton, GA and has a personal guarantee on the Lease
* Farm to Fork has a strong reputation in the Ringgold/Chattanooga market and currently has a google rating of 4.3 stars with over 4,800 reviews
* The restaurant has two large banquet rooms for private events and the tenant just recently added a porch at a cost of over $30,000
* Absolute NNN Lease with over 12 years remaining and only one (1), five-year option to extend
* Annual rental increases of 1.0% during the initial term and option period
* Conservative rent/SF of $22.52/SF and price/SF of under $320/SF
* Less than a half-mile off Interstate 75- very strong traffic counts of over 93,000 on I-75 and over 30,000 on Battlefield Parkway (the road Farm to Fork faces)
* High average household income area- over $99,000 within a 1-mile radius and over $92,000 within 5 miles
* Chattanooga MSA currently has over 560,000 residents with an expected growth rate of 3.2% during the next 5 years
* Farm to Fork is directly adjacent to a Hampton Inn and Springhill Suites- also near RaceTrac, Circle K, a large self-storage facility, and several industrial/warehouse facilities
* Farm to Fork serves as a local hot spot to nearly 4,000 residents within a 1-mile radius and nearly 22,000 within 3 miles
* Newer construction-Farm to Fork was built in 2017

Investment Highlights

  • Farm to Fork is a highly successful 10,200 SF casual restaurant located in Ringgold, GA, which is approximately 17 miles Southeast of Chattanooga, TN
  • Very strong store sales- rent/sales is sub 6.0%
  • Current operator, Hayes Eateries, LLC, also operates a successful Schlotzky's Deli in Dalton, GA and has a personal guarantee on the Lease

Exclusively Listed By

Financing By

Listing Price: $3,000,000

Cap Rate
7.56%
Tenant Name
Farm to Fork
Years Remaining On Lease
12.2
Guarantor
Franchisee Guarantee
Rentable SF
10,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.25

Investment Highlights

  • Farm to Fork is a highly successful 10,200 SF casual restaurant located in Ringgold, GA, which is approximately 17 miles Southeast of Chattanooga, TN
  • Very strong store sales- rent/sales is sub 6.0%
  • Current operator, Hayes Eateries, LLC, also operates a successful Schlotzky's Deli in Dalton, GA and has a personal guarantee on the Lease

Investment Overview

* Farm to Fork is a highly successful 10,200 SF casual restaurant located in Ringgold, GA, which is approximately 17 miles Southeast of Chattanooga, TN * Very strong store sales- rent/sales is sub 6.0% * Current operator, Hayes Eateries, LLC, also operates a successful Schlotzky’s Deli in Dalton, GA and has a personal guarantee on the Lease * Farm to Fork has a strong reputation in the Ringgold/Chattanooga market and currently has a google rating of 4.3 stars with over 4,800 reviews * The restaurant has two large banquet rooms for private events and the tenant just recently added a porch at a cost of over $30,000 * Absolute NNN Lease with over 12 years remaining and only one (1), five-year option to extend * Annual rental increases of 1.0% during the initial term and option period * Conservative rent/SF of $22.52/SF and price/SF of under $320/SF * Less than a half-mile off Interstate 75- very strong traffic counts of over 93,000 on I-75 and over 30,000 on Battlefield Parkway (the road Farm to Fork faces) * High average household income area- over $99,000 within a 1-mile radius and over $92,000 within 5 miles * Chattanooga MSA currently has over 560,000 residents with an expected growth rate of 3.2% during the next 5 years * Farm to Fork is directly adjacent to a Hampton Inn and Springhill Suites- also near RaceTrac, Circle K, a large self-storage facility, and several industrial/warehouse facilities * Farm to Fork serves as a local hot spot to nearly 4,000 residents within a 1-mile radius and nearly 22,000 within 3 miles * Newer construction-Farm to Fork was built in 2017

Exclusively Listed By

Financing By

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