Restaurant
Huey Magoo's Chicken Tenders
567 W Oglethorpe Hwy, Hinesville, GA 31313
Listing Price: $2,764,458
Investment Overview
*Newly constructed Huey Magoo’s located in the main retail corridor of Hinesville, GA, approximately 40 miles Southwest of Savannah, GA
*Nearly 17 years remaining on an absolute NNN Lease with 10% rental increases every 5 years- Next 10% increase coming on September 1, 2027
*Strong performing unit- store sales are 25% greater than the average unit volume for Huey Magoo’s- 2024 Rent to Sales was approximately 6.0%
*Huey Magoo’s, known as the “Filet Mignon of Chicken”, is one of the fastest growing fast casual brands in the country- founded in 2004, Huey Magoo’s currently operates 82 locations across 12 states
*Lease is guaranteed by a franchisee currently operating 3 units in South Georgia with a personal guarantee as well- Franchisee previously operated 5 Papa John’s and Café Euro
*Approximately 3 miles South of Fort Stewart- Fort Stewart is the U.S. Army's premiere power projection platform on the East Coast and the largest Army installation east of the Mississippi River- Fort Stewart is one of the largest employers in coastal Georgia with over 25,000 full-time soldiers and civilian workers- Fort Stewart provides an approximate $5 billion-dollar economic impact to the state of Georgia
*Located in the main retail corridor of Hinesville- near Oglethorpe Square Shopping Center with Hobby Lobby, Dick’s, T.J.Maxx, Five Below (3.5M annual visitors- 90th percentile in U.S./93rd percentile in GA), Walmart (2.9M annual visitors- 88th percentile in U.S./98th percentile in GA- #3 store in GA), Lowe’s (805K annual visitors- 78th percentile in U.S./80th percentile in GA), Kroger (936K annual visitors), and near Liberty Regional Hospital (50 beds)
*Located on heavily trafficked W. Oglethorpe Highway- ADT of over 36,000 cars/day
*Currently over 55,000 residents in a 5-mile radius with an expected growth rate of approximately 5% over the next 5 years- AHI over $71,000
Investment Highlights
- Newly constructed Huey Magoo's located in the main retail corridor of Hinesville, GA, approximately 40 miles Southwest of Savannah, GA
- Nearly 17 years remaining on an absolute NNN Lease with 10% rental increases every 5 years- Next 10% increase coming on September 1, 2027
- Strong performing unit- store sales are 25% greater than the average unit volume for Huey Magoo's- 2024 Rent to Sales was approximately 6.0%
Exclusively Listed By
Listing Price: $2,764,458
Investment Highlights
- Newly constructed Huey Magoo's located in the main retail corridor of Hinesville, GA, approximately 40 miles Southwest of Savannah, GA
- Nearly 17 years remaining on an absolute NNN Lease with 10% rental increases every 5 years- Next 10% increase coming on September 1, 2027
- Strong performing unit- store sales are 25% greater than the average unit volume for Huey Magoo's- 2024 Rent to Sales was approximately 6.0%
Investment Overview
*Newly constructed Huey Magoo’s located in the main retail corridor of Hinesville, GA, approximately 40 miles Southwest of Savannah, GA *Nearly 17 years remaining on an absolute NNN Lease with 10% rental increases every 5 years- Next 10% increase coming on September 1, 2027 *Strong performing unit- store sales are 25% greater than the average unit volume for Huey Magoo’s- 2024 Rent to Sales was approximately 6.0% *Huey Magoo’s, known as the “Filet Mignon of Chicken”, is one of the fastest growing fast casual brands in the country- founded in 2004, Huey Magoo’s currently operates 82 locations across 12 states *Lease is guaranteed by a franchisee currently operating 3 units in South Georgia with a personal guarantee as well- Franchisee previously operated 5 Papa John’s and Café Euro *Approximately 3 miles South of Fort Stewart- Fort Stewart is the U.S. Army's premiere power projection platform on the East Coast and the largest Army installation east of the Mississippi River- Fort Stewart is one of the largest employers in coastal Georgia with over 25,000 full-time soldiers and civilian workers- Fort Stewart provides an approximate $5 billion-dollar economic impact to the state of Georgia *Located in the main retail corridor of Hinesville- near Oglethorpe Square Shopping Center with Hobby Lobby, Dick’s, T.J.Maxx, Five Below (3.5M annual visitors- 90th percentile in U.S./93rd percentile in GA), Walmart (2.9M annual visitors- 88th percentile in U.S./98th percentile in GA- #3 store in GA), Lowe’s (805K annual visitors- 78th percentile in U.S./80th percentile in GA), Kroger (936K annual visitors), and near Liberty Regional Hospital (50 beds) *Located on heavily trafficked W. Oglethorpe Highway- ADT of over 36,000 cars/day *Currently over 55,000 residents in a 5-mile radius with an expected growth rate of approximately 5% over the next 5 years- AHI over $71,000
Exclusively Listed By