The subject property is a newly constructed Popeyes drive-thru located in a rapidly growing northern suburb of Atlanta - Flowery Branch, Georgia. Flowery Branch is located in Hall County in the Atlanta Combined Statistical Area. This CSA spans up to 39 counties in north Georgia with about 6.5 million people making this the third largest metropolitan region after Greater Washington and South Florida.
The brand new 15-year absolute NNN lease includes 10% rental increases every 5-years in the primary term and in the (4) five-year option periods. The property is a Publix outparcel strategically located at the entrance to Walden at Oakwood Apartment Homes (300 units). The site benefits from its excellent access and visibility along one of the most heavily trafficked thoroughfares in Flowery Branch (Winder Highway), which boasts over 25,000 vehicles per day. Additionally, within 5-miles of the subject property there are 70,000 residents with an average household income exceeding $90,000 annually.
National retailers in the immediate vicinity include Firestone, O’Reilly Auto, Chick-Fil-A, Walgreens, AutoZone, QuikTrip, Regions Bank, Krystal, Waffle House, BB&T, Sonic, Publix, McDonald’s, Hardee’s, Taco Bell, Dunkin’ Donuts, Verizon, Bank of America, Burger King, Arby’s, Starbucks, KFC, Dollar Tree, Tractor Supply, Wal-Mart, Wells Fargo, Wendy’s, Sam’s Club, and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.