Restaurant / Net-Lease Ellijay, GA - Business for Sale
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Net-Leased Fast-Casual Barbecue Restaurant Property in Ellijay, GA
Ellijay, GA, US
Added 1 month ago
Restaurant / Food & Beverage
18 years in business
Absentee / Semi-Absentee
This listing is for a fee-simple interest in a net-leased, freestanding fast-casual barbecue restaurant property in Ellijay, GA, with a corporate-guaranteed tenant and a lease running through January 2033.
Key Information
Asking
$1.9M
Revenue
–
Earnings
–
Multiple
–
Key Highlights
- Cap rate: 7.04% on current base rent
- Current annualized base rent: $133,712 ($11,142.68 per month)
- Lease runs through January 2033 with two additional five-year renewal options
- 2% annual rent increases during base and option periods
- Building size: 4,284 SF on approximately 1.29 acres; built in 2005
- Tenant pays real estate taxes, insurance, utilities, and most repair and maintenance (NN lease); landlord responsible for roof, structure, and half of qualifying parking lot resurfacing
- Restaurant has operated at this location since 2008 (18 years of continuous operation)
- Corporate guaranty from LLC, a Georgia-based fast-casual barbecue brand with locations in eight southeastern states
- 2025 property tax bill of $6,176.29 is a tenant obligation
- Percentage rent of 5% above a $1.8 million annual gross-sales breakpoint is available but not included in the cap rate
Contact Info
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