1421 W hwy 16, Griffin, GA 30223 - Spalding County

Commercial

Property ID 2864690

1421 W Hwy 16, Griffin, GA 30224

BUFFALOS CAFE - GRIFFIN GA REAL ESTATE ONLY. PRIME LOCATION, LOCATED BESIDE HOME DEPOT AND ACROSS FROM LOWES AND KROGER SUPERMARKET. BUSINESS LEASED UNDER LONG TERM LEASE, 6 YEARS REMAIN ON A 10 YEAR LEASE WITH ONE 10 YEAR RENEWAL OPTION. RENTAL INCOME = $90,000/ YEAR. LANDLORD PAYS TAXES ONLY $14,000/YR. NOI=7.6% CAP RATE. TENANT PAYS ALL MAINTENANCE & INSURANCE. ESTABLISHED BUSINESS.

MLS 7354241

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