1065 S. Big A Road, Toccoa, GA

Retail for Sale ‐ $2,600,000 ‐ 4,700 Sq. Ft. on 1.4 acres

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #947206
Location1065 S. Big A Road
Toccoa GA 30577
Last UpdatedSeptember 11th, 2017
TypeRetail
Price$2,600,000
Building Size4,700 Sq. Ft.
Lot Size1.4 acres

Contact


Property Description

PRICE ADJUSTMENT! Bull Realty is pleased to offer this NNN leased casual dining Applebee’s in the popular tourist venue, Toccoa, GA, which is located in the northeastern corner of the state. Built in 1994 on approximately 1.40 acres, the highly visible restaurant is located on the major north-south commercial artery in Toccoa, S. Big A Road, with traffic counts exceeding 18,000 vehicles per day. Major area retailers include Walmart, Belk and Sears. Other nearby retailers include Rite Aid, Badcock & More, Bealls, Dollar Tree, and many quick service restaurants such as McDonald’s, Bojangles’, Zaxby’s, Wendy’s and more!

The tenant is the Apple Gold Group, one of the original five Applebee’s franchisees. The company operates over 130 restaurants across 7 states (NC, SC, GA, KY, IN, OK and AR). Six and a half years remain on the original lease term with four 5-year options and annual rent increases.

Location Description:

The city of Toccoa is located about seven miles from the border of Georgia and South Carolina and 90 miles northeast of Atlanta. Lake Hartwell, a recreational and residential lake community, is four miles from Toccoa.

Toccoa is an energetic and progressive city, offering history, beautiful scenery, low cost of living, a political climate conducive to commercial and industrial development, good schools, a near-perfect climate and cultural opportunities for people of all ages.

Some of the area’s major employers include Stephens County Schools, Caterpillar, Standard Register, Eaton Corporation, and Toccoa Falls College. The area is a strong draw for tourists due to the Toccoa Falls, Traveler’s Rest State Historic Site, the music scene including the Toccoa Symphony Orchestra, Currahee Military Museum, and other historic sites dating from the American Civil War to the present.

Highlights:

>> 20-year absolute NNN lease runs through June 2024

>> Four 5-year options

>> 1.75% annual rent bumps through June 2019. 1.25% thereafter and through options

>> Nearby traffic counts averaged between 18,000 and 23,400 vehicles per day in 2015

>> 5-mile population approximately 19K

>> Interior remodeled in November 2011. Over $100K invested in new carpet, wall coverings, and new décor.


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