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Restaurant

Papa John's

1214 Maple St, Carrollton, GA 30117

Listing Price: $1,478,261

Cap Rate
5.75%
Tenant Name
Fresh Dough, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,057
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.32

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Papa John’s located at 1214 Maple St in Carrolton, GA. The site consists of roughly 2,057 rentable square feet of building space on estimated 0.29-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 $85,000 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

Restaurant

Papa John's

Listing Price: $1,478,261

Cap Rate
5.75%
Tenant Name
Fresh Dough, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,057
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.32

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 1214 Maple St in Carrolton, GA. The site consists of roughly 2,057 rentable square feet of building space on estimated 0.29-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 $85,000 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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