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Bank-Owned Two-Story Restaurant & Retail 3840 Highway 42
1,560 - 6,360 SF of Retail Space Available in Locust Grove, GA 30248
Highlights
- ±6,360 SF, two-story retail/restaurant opportunity.
- Zoned C2 for versatile commercial use.
- Abundant street parking. Modern amenities with historic ambiance.
- Renovated in 2018, maintaining historic charm.
- Prime location on Highway 42 for high visibility. Ideal for retail or restaurant investment.
- Spacious interior layout for flexible use. Existing restaurant equipment included.
Space Availability (2)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 4,800 SF | Negotiable | £12.64 /SF/PA £1.05 /SF/MO £136.06 /m²/PA £11.34 /m²/MO £60,673 /PA £5,056 /MO | Triple Net | ||
| 2nd Floor | 1,560 SF | Negotiable | £12.64 /SF/PA £1.05 /SF/MO £136.06 /m²/PA £11.34 /m²/MO £19,719 /PA £1,643 /MO | Triple Net |
1st Floor
Opportunity to acquire a two-story, ±6,360 SF, turnkey restaurant and retail building with a fully-equipped commercial kitchen and ample FF&E.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 6,360 SF of adjacent space
- Central Heating System
- Kitchen
- Freezer Space
- Security System
- Closed Circuit Television Monitoring (CCTV)
- Shower Facilities
- Smoke Detector
- Wheelchair Accessible
2nd Floor
Opportunity to acquire a two-story, ±6,360 SF, turnkey restaurant and retail building with a fully-equipped commercial kitchen and ample FF&E.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 6,360 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 3840 Highway 42 , Locust Grove, GA 30248
| Property Type | Retail | Gross Internal Area | 6,360 SF |
| Property Subtype | Restaurant | Year Built/Renovated | 1902/2018 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Internal Area | 6,360 SF |
| Year Built/Renovated | 1902/2018 |
About the Property
Opportunity to acquire a two-story, ±6,360 SF, turnkey restaurant and retail building with a fully-equipped commercial kitchen and ample FF&E. This rare opportunity provides investors, owner-users, or tenants the opportunity to enter the extremely limited-supply of available restaurant space in Locust Grove, GA. Located on busy Locust Grove Main Street in Central Locust Grove, the property is ideal for those looking to take advantage of the superior visibility and foot traffic. The first floor features a large open floorplan, kitchen, bar, washroom, back heated patio, two restrooms, and a small stage in the ‘dining room’. Gain access to the second floor by taking the beautiful wooden staircase located towards the front of the building where awaits is more open space, an office/storage room/changing room, and one bathroom with a shower. Both floors also feature multiple windows located at the front of the building allowing for an abundance of natural light to enter the property.
- Restaurant
- Signage
Nearby Major Retailers
-
Brice Burns -
Michael Bull -
Bull Realty Inc.
Presented by
Bank-Owned Two-Story Restaurant & Retail | 3840 Highway 42
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