SAB Capital is pleased to present a 6,900 square foot, two-tenant strip center in Hinesville, GA occupied by Five Guys and IHOP. The subject delivered in 2018 and was fully occupied by Q2 2019. Five Guys signed a 10-year, 1-month lease term that currently has about 8 years remaining, while IHOP signed a 20-year lease that commenced in December 2018 that has over 17 years remaining. Five Guys features a corporate guaranteed lease, while IHOP’s lease is guaranteed by a 21-unit operator. Both leases also feature attractive 10% increases every 5 years of lease term, and several option periods upon expiration. The subject is located within 3.5 miles of Fort Stewart, an 11,000+ resident military base.

  • Retail Strip Center With IHOP and Five Guys in Hinesville, GA |  Approximately 30 Miles Southwest of Savannah
  • Located on a Dense Retail Corridor |  Traffic Count is 25,000+ VPD
  • Located Across the Street From a Walmart Supercenter |  Ranks 3rd Out Of 154 Walmart Locations In Georgia In Terms Of Visits | 21 Year Occupancy History
  • Less than 1.5 Miles From Liberty Regional Medical Center |  62,000 SF Facility with 133 Beds
  • Recently Constructed in 2018 |  Puts the Subject At The Top Of The Market In Terms of Quality
  • Long Term Leases in Place |  Five Guys Has About 8 Years Remaining While IHOP Has Over 17 Years Remaining
  • Triple Net Lease Terms (NNN) |  Zero Landlord Responsibilities For IHOP | Roof And Structure Responsibilities For Five Guys
  • Hedge Against Inflation |  10% Rent Increases Every 5 Years And At Options
  • Five Guys Has a Corporate Guaranteed Lease |  Little To No Risk Of Default
  • Located Within 3.5 Miles of Fort Stewart |  A 280,000 Acre US Army Base With 11,205 Residents
  • 6 Hotels Are Located Within 3 Miles of the Subject |  Nearly All Over 70% Occupancy | Added Customer Base Beyond The Population Recorded In Hinesville
  • Experienced IHOP Operator With Over 20 Years of Experience |  Has Received Awards From Corporate For Sales Achievement And Operating Efficiency
  • National Retailers Nearby the Subject Include :  Starbuck’s, Chick-fil-A, Longhorn Steakhouse, Chipotle, Domino’s, And Many Others

Tenant Price Cap Rate Lease Type Square Feet Status
Five Guys | IHOP $4,340,000 % Triple Net Closed

Jenna Lustbader

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