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If I was looking for a solid income-producing commercial property, I’d buy this Huddle House in Rome, Georgia.
The property throws off an annual return above 5%, has 17 years of lease term remaining (with rent bumps) and has a strong corporate guarantor. The high-traffic retail exposure provides easy access, and the 35 years of operation proves this location is a winner.
The sweet spot of this investment is pure “triple-net,” which means zero owner responsibilities, except walking to the mailbox for your check. The asking price is below $900,000 and will sell quickly. Particularly if you contact me now.
– Steve Massell, Massell Commercial Real Estate