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Offering SummaryAsking Price: $2,250,000Scheduled Cap Rate: 6%Current Annualized Base Rent: $133,712Tenant DBA: Shane's Rib ShackLease Expiration: January 2033Renewal Options: Two additional five-year optionsRent Increases: 2% annually in base term and option periodsBuilding Size: 4,284 square feetSite Area: /- 1.29 acresYear Built: 2005Investment HighlightsLong-term restaurant lease extending through January 2033, with two additional five-year renewal options.Contractual 2% annual increases lift annualized base rent to approximately $150,582 by the final scheduled step.Tenant is responsible for real estate taxes, property insurance, utilities and most repair and maintenance expenses.Percentage rent of 5% above a $1.8 million annual gross-sales breakpoint provides potential upside and is not included in the advertised cap rate.Established restaurant location operating at this site since 2008.Freestanding building with visibility from Highway 515, a primary commercial and travel corridor serving North Georgia.Nearby retail anchors and restaurants include Walmart Supercenter, Lowe's, Chick-fil-A, Wendy's and Zaxby's within the Highland Crossing commercial node.Location and Market HighlightsThe property is positioned within Ellijay's primary retail corridor and benefits from surrounding shopping, dining, lodging and residential development. The market also draws visitors seeking North Georgia's outdoor recreation, cabins, orchards, wineries and mountain attractions.Median household income of approximately $67,344 within three miles and $61,622 within five miles.Approximately 2,016 households within three miles and 7,368 households within five miles.Projected population growth of approximately 3.2% within three miles.Asking Price: $2,250,000.
Arthur Murray Dance Studios is the world’s largest dance studio franchise and is opening its doors to outside owners for the first time in its 114-year history. Arthur Murray brings 325+ studios across 19 countries, an average unit volume of $728,000+, and a business built on a joyful, recurring-revenue model. No dance experience required – just a love for people and a drive to build something that genuinely changes lives.
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