Popeyes 15-Yr Abs NNN | Brand New 2020 Construction | 10% Increases Every 5-Years

3474 Winder Highway, Flowery Branch, GA

$2,231,241

Price

5.4%

Cap Rate

$120,487

NOI

Overview
Cap Rate
5.4%
NOI
$120,487
Building Size
2,311 sqft
Lot Area
1.31 acres
Occupancy
100%
Lease Type
Absolute Net
Year Built
2020
Tenancy
Single
Lease Expire Year
04/30/2035
Description

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.

Highlights
  • Brand New 2020 Construction
  • 15-Year Absolute NNN Lease w/ 10% Increases Every 5-Years
  • Experienced 100+ Unit Operator of Popeyes and Dunkin’ Donuts
  • Located at the Entrance to Walden at Oakwood Apartment Homes (300 Units)
  • Outparcel to Publix Anchored Shopping Center
  • 70,000 Residents within 5-Miles of the Subject Property
  • Traffic Counts Exceed 25,000 Vehicles Per Day
  • Average Household Income Exceeds $93,000 (3-Mile Radius)
  • 8.0% Expected Population Growth Over the Next 5-Years
Documents
Title
Popeyes_-_Flowery_Branch__Outside_Atlanta___GA.pdf
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Location
Gallery