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Announcing the Sale of 5 Cheddar's Restaurants All Properties Sold Individually Pursuant to New 15-Year NNN Leases |
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COLUMBUS, GA:
The 7,890 SF building is located within the 750,000 SF Columbus Park Crossing, a 100% occupied best-in-class retail power center. The subject property is a top sales producer and one of the highest for Cheddar's in the nation. The sales price was $4,550,000.
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POOLER, GA:
Located in the Savannah metro, the 8,392 SF freestanding building is located blocks from the new Tanger Outlet Center and the 143,000 SF Village of Pooler Parkway. The Port of Savannah is the largest single container terminal in North America. The subject property sold for $3,909,000. |
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VALDOSTA, GA:
Situated in an emerging market among Wal-Mart and a recently expanded Sam's Club, the 2011-built 8,470 SF property exhibited the strongest year-over-year sales growth in the portfolio, resulting in an extremely healthy operating cost. The final disposition price for the asset was $3,675,000.
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WARNER ROBINS, GA:
Built in 1999 with the most recent renovation taking place in 2013, the subject property was the first store developed and operated by the franchisee. Situated as a prominent outparcel to a Target anchored center, sales have been consistently above average. The disposition price for the asset was $3,650,000.
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MACON, GA:
Set among a variety of limited service hotels and two grocery anchored shopping centers, the 7,717 SF property also benefits from its location just minutes away from the franchisee's headquarters. The property's proximity to Interstate 75 ensures a stable flow of traffic through the site. The sale price for the asset was $2,741,000.
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Lead Investment Sales Advisors:
Kevin D. Shelburn Vice President
(310) 691-1350 x 105 kshelburn@pegasusinvestments.com
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David B. Chasin Managing Director (310) 691-1350 x 101 david@pegasusinvestments.com
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Michael N. Spector Associate (310) 691-1350 x 101
mspector@pegasusinvestments.com
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Pegasus Investments Real Estate Advisory, Inc.
Investment Sales | Capital Markets | Asset Management
1901 Avenue of the Stars, Suite 630
Los Angeles, California 90067
BRE #01513027
(310) 691-1350 | www.pegasusinvestments.com
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