Athens, GA - Captain D's
$1,192,000
3597 Atlanta Hwy, Athens, GA 30606
6.5
Cap Rate
77,468
NOI
Details:
Description:
• The lease has over eight (8) years of primary term remaining with three (3) additional five-year renewal options, demonstrating the tenant’s long-term commitment to the site and providing stable, predictable income
• Scheduled 2% annual rent increases enhance NOI and provide a built-in hedge against inflation
• The property is an outparcel to Clark Crossing Shopping Center, anchored by Academy Sports and featuring national co-tenants including Dollar Tree, Chick-fil-A, and Outback Steakhouse
• Clark Crossing attracts over 2.7 million annual visits, ranking in the 91st percentile nationally and 95th percentile in Georgia among comparable centers
• Situated within a dense retail corridor surrounded by other centers such as Athens Promenade, Athens West Shopping Center, and Georgia Square Mall
• Major new development activity is further enhancing the corridor, including a new QuikTrip, Tidal Wave Auto Spa, Whataburger, and Viridian Athens, a mixed-use project with 360,000 commercial SF and 1,338 planned residential units
• This dynamic mix of retail anchors and new development drives sustained foot traffic and reinforces long-term retail demand
Location
Gallery