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Restaurant

O’Charley’s Restaurant

2990 Watson Blvd, Centerville, GA 31028

Listing Price: $2,906,000

Cap Rate
5.85%
Tenant Name
O’Charley’s Restaurant & Bar
Guarantor
Corporate Guarantee
Rentable SF
6,892
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.67

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an O’Charley’s in Centerville, GA (Warner Robins/Macon MSA). O’Charley’s is a casual dining restaurant chain with more than 150 company-owned locations throughout 17 southern and midwestern states. The Lease term was recently extended for 15 Years and is NNN with no landlord maintenance responsibilities. O'Charley's is a long-term tenant who has been open and operating at this location since 1998. O'Charley's is in an exceptional location at the signalized intersection of Watson Boulevard and Margie Drive with a combined traffic count of more than 42,700 vehicles daily and three miles from I-75 with more than 75,000 vehicles daily. The adjacent Chick-fil-A and Chili’s were both developed and opened in 2021 reflecting the strength of the corridor. The property is an outparcel to Houston County Galleria Mall. O'Charley's is also less than four miles from Houston Medical Center, a 247-bed acute care facility, and 4.5 miles from Atrium Health Navicent Medical Center, a 637-bed hospital with over 4,600 employees and a medical staff and more than 590 physicians. The property is also less than five miles from Middle Georgia State University -Warner Robins Campus with a total enrollment of 8,404 students. Other surrounding national retailers include the Home Depot, Lowe’s, Target, Walmart Supercenter, Best Buy, TJ Maxx, Home Goods, Hobby Lobby, Office Depot, Big Lots, Aldi, Kroger, Metro by T-Mobile, Verizon, Dollar Tree, Advance Auto Parts, Olive Garden, Outback Steakhouse, Chili’s, Longhorn Steakhouse, Cracker Barrel, Chick-fil-A, Dunkin Donuts, Starbucks, Taco Bell, Panda Express, Walgreens, CVS and many more. The area has a deep military presence which provides for a very stable economic base. O'Charley's is 5.5 miles from Warner Robins Air Logistics Complex, eight miles from headquarters Air Force Reserve Command, and nine miles from Robins Air Force Base, the largest single-site industrial complex in Georgia and home to about 23,900 civilians and military members.

Investment Highlights

  • Lease Term was Recently Extended for 15 Years and is NNN With No Landlord Maintenance Responsibilities
  • Long Term Tenant, Store has Been Open and Operating at This Location Since 1998; Store has Experienced Strong Sales Performance, Even During Covid
  • O'Charley's is a Casual Dining Restaurant Chain With More Than 155 Company-Owned Locations Throughout 17 Southern and Midwestern States
  • Located at the Signalized Intersection of Watson Boulevard and Margie Drive With a Combined Traffic Count of More Than 42,700 Vehicles Daily; Three Miles from I-75 With More Than 75,000 Vehicles Daily
  • Outparcel to Houston County Galleria Mall, Anchored by JCPenney and Belk and Includes Galleria Cinemas
  • Other Surrounding National Retailers Include The Home Depot, Lowe's, Target, Walmart Supercenter, Best Buy, TJ Maxx, Home Goods, Hobby Lobby, Office Depot, Big Lots, Aldi, Kroger, Metro by T-Mobile, Verizon, Dollar Tree, Advance Auto Parts, Olive Garden, Outback Steakhouse, Chili's, Longhorn Steakhouse, Cracker Barrel, Chick-fil-A, Dunkin Donuts, Starbucks, Taco Bell, Panda Express, Walgreens, CVS and Many More

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Restaurant

O’Charley’s Restaurant

Listing Price: $2,906,000

Cap Rate
5.85%
Tenant Name
O’Charley’s Restaurant & Bar
Guarantor
Corporate Guarantee
Rentable SF
6,892
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.67

Investment Highlights

  • Lease Term was Recently Extended for 15 Years and is NNN With No Landlord Maintenance Responsibilities
  • Long Term Tenant, Store has Been Open and Operating at This Location Since 1998; Store has Experienced Strong Sales Performance, Even During Covid
  • O'Charley's is a Casual Dining Restaurant Chain With More Than 155 Company-Owned Locations Throughout 17 Southern and Midwestern States
  • Located at the Signalized Intersection of Watson Boulevard and Margie Drive With a Combined Traffic Count of More Than 42,700 Vehicles Daily; Three Miles from I-75 With More Than 75,000 Vehicles Daily
  • Outparcel to Houston County Galleria Mall, Anchored by JCPenney and Belk and Includes Galleria Cinemas
  • Other Surrounding National Retailers Include The Home Depot, Lowe's, Target, Walmart Supercenter, Best Buy, TJ Maxx, Home Goods, Hobby Lobby, Office Depot, Big Lots, Aldi, Kroger, Metro by T-Mobile, Verizon, Dollar Tree, Advance Auto Parts, Olive Garden, Outback Steakhouse, Chili's, Longhorn Steakhouse, Cracker Barrel, Chick-fil-A, Dunkin Donuts, Starbucks, Taco Bell, Panda Express, Walgreens, CVS and Many More

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an O’Charley’s in Centerville, GA (Warner Robins/Macon MSA). O’Charley’s is a casual dining restaurant chain with more than 150 company-owned locations throughout 17 southern and midwestern states. The Lease term was recently extended for 15 Years and is NNN with no landlord maintenance responsibilities. O'Charley's is a long-term tenant who has been open and operating at this location since 1998. O'Charley's is in an exceptional location at the signalized intersection of Watson Boulevard and Margie Drive with a combined traffic count of more than 42,700 vehicles daily and three miles from I-75 with more than 75,000 vehicles daily. The adjacent Chick-fil-A and Chili’s were both developed and opened in 2021 reflecting the strength of the corridor. The property is an outparcel to Houston County Galleria Mall. O'Charley's is also less than four miles from Houston Medical Center, a 247-bed acute care facility, and 4.5 miles from Atrium Health Navicent Medical Center, a 637-bed hospital with over 4,600 employees and a medical staff and more than 590 physicians. The property is also less than five miles from Middle Georgia State University -Warner Robins Campus with a total enrollment of 8,404 students. Other surrounding national retailers include the Home Depot, Lowe’s, Target, Walmart Supercenter, Best Buy, TJ Maxx, Home Goods, Hobby Lobby, Office Depot, Big Lots, Aldi, Kroger, Metro by T-Mobile, Verizon, Dollar Tree, Advance Auto Parts, Olive Garden, Outback Steakhouse, Chili’s, Longhorn Steakhouse, Cracker Barrel, Chick-fil-A, Dunkin Donuts, Starbucks, Taco Bell, Panda Express, Walgreens, CVS and many more. The area has a deep military presence which provides for a very stable economic base. O'Charley's is 5.5 miles from Warner Robins Air Logistics Complex, eight miles from headquarters Air Force Reserve Command, and nine miles from Robins Air Force Base, the largest single-site industrial complex in Georgia and home to about 23,900 civilians and military members.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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