Close of Escrow: Church’s Chicken in Monroe, GA

Close of Escrow: Church’s Chicken in Monroe, GA

SIG is pleased to announce the recent Close of Escrow on Church’s Chicken located in Monroe, Georgia.

Investment Highlights Include:

  • 20 Year Absolute Triple Net (NNN) Lease
  • Strong Rent-to-Sales Ratio
  • Recently Fully Remodeled Building with $275,000 in Improvements
  • Multi-Concept, Multi-State Operator With Approximately 30 Years Of Experience
  • Low Price Point Deal
  • Over 14% Rent Increase in 2019 and $6,000 Increase Every 5 Years After
  • Located Next To Carver High School With Over 1,200 Students and Faculty
  • 5-Mile Household Income Over $61,000
  • Walmart Distribution Center is 3 Miles Away with 1,000 Associates
  • Excellent Visibility From US 78 With Over 20,000 VPD
  • Walking Distance From Monroe’s Downtown Historical District
  • Within 2 Miles to Downtown’s Government Offices, Fire Department and Utilities Offices

Closing Price: $620,000
Closing CAP:  6.76%

Listing Agent: Will Schuhmacher, Elan Sieder and Max Freedman

For More Information Contact:

Will Schuhmacher
Lic #629275

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