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Restaurant

Papa John's

287 S Chestatee St, Dahlonega, GA 30533

Listing Price: $1,913,043

Cap Rate
5.75%
Tenant Name
Fresh Dough, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
1,517
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$72.51

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Papa John’s located at 287 S Chestatee St in Dahlonega, GA. The site consists of roughly 1,517 rentable square feet of building space on estimated 0.45-acre parcel of land. The Papa John’s is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $110,000 and is scheduled to increase by two percent (2.00%) annually starting year two (2) throughout the base term and in each of the two (2), five (5)-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Lease Commencement Upon Close of Escrow
  • Two Percent (2.00%) Rental Increases Annually

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $1,913,043

Cap Rate
5.75%
Tenant Name
Fresh Dough, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
1,517
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$72.51

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Lease Commencement Upon Close of Escrow
  • Two Percent (2.00%) Rental Increases Annually

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Papa John’s located at 287 S Chestatee St in Dahlonega, GA. The site consists of roughly 1,517 rentable square feet of building space on estimated 0.45-acre parcel of land. The Papa John’s is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $110,000 and is scheduled to increase by two percent (2.00%) annually starting year two (2) throughout the base term and in each of the two (2), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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