Vacant Event Hall, Restaurant, and Bar with $8K Monthly Rental Income in LaGrange, GA!

Financial & Assets Details

About the Business

Business Description

Seller is collecting $8,080 NNN per month in rent from IHOP! The vacant event hall, bar, and restaurant is approximately 15,000 sq.ft. and can be leased or owner-operated!

IHOP lease increases to $8,888 NNN in October 2023. The lease term expires in 2028 with two additional 5-year options thereafter for IHOP.

Total property taxes is $25,000 per year and property insurance is $7,000 per year.

Exit Location! 1 hour from Atlanta! 1hr and 25 mins from Montgomery, AL! 50 minutes from Columbus, GA!

Average Daily Traffic Count is 24,200!

5 mins from Walmart Distribution Center, Nutwood Winery (6,000 square foot tasting room contains a full wine bar with both indoor and outdoor seating).

30 mins from Callaway Garden, Wild Animal Safari, and West Point Lake (525 miles provides plenty of places to fish, camp, boat, picnic, and more). 10 mins from Great Wolf Lodge.

Asking price for the Property with Vacant Event Hall, Restaurant, Bar, and $8,080 NNN Monthly Rental Income: $2.7M

If interested, please give us a call anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com