WhataBurger
$2,800,000
Swq Sr 34 & Fischer Rd, Sharpsburg, GA 30277
3,305 sqft
Building Size
1.385 acres
Lot Area
Details:
Highlights:
- WHATABURGER / CORPORATE EXECUTED GROUND LEASE
- BRAND NEW 15-YEAR ABSOLUTE NET GROUND LEASE WITH FAVORABLE RENTAL ESCALATIONS
- OUTPARCEL TO BRAND NEW PUBLIX ANCHORED SHOPPING CENTER WITH A+ TENANT LINEUP
- STRATEGICALLY POSITIONED IN TRI-COUNTY REGIONAL TRADE AREA THAT DRAWS ON A POPULATION FROM A RARE 20-MILE RADIUS
- SUBJECT PROPERTY’S PUBLIX ANCHORED SHOPPING CENTER WILL BE PRIMAR DAILY SERVICE NEEDS FOR THE AFFLUENT CITY OF PEACHTREE CITY & NEIGHBORING CITIES
Description:
SHARPSBURG BROKER OF RECORD ... JEREMY YARBROUGH License No: H-62003
Faris Lee Investments is pleased to present the rare opportunity to acquire a corporate guaranteed Whataburger investment property situated in the newly built Fischer Marketplace that is anchored by a Publix super market, Floor & Décor and a Piedmont Healthcare medical facility. The Whataburger is subject to a 15-year Ground Lease that will commence at the grand opening in May 2025. The lease is absolute NNN with 10% increases every five years and guaranteed by corporate Whataburger offering an investor long-term security and stability.
The newly built Fischer Marketplace shopping center is strategically situated on State Route 34 (39,906 VPD) across a Sam’s Club and a Costco anchored shopping centers that serve as a regional trade area for the tri-county population from Fulton, Fayette, and Coweta counties. The Publix is set to open in April 2025 that will serve as the primary daily needs grocer for the affluent residents of Peachtree City, Senoia, Sharpsburg and Newnan that boast an impressive average household income of $141,912 in a 7-mile radius of the subject property. In addition to Whataburger, Fischer Marketplace includes an excellent tenant lineup of: Fifth Third Bank, Miller’s Ale House, Heartland Dental, Andy’s Frozen Custard, Jersey Mike’s, Nothing Bundt Cakes and La Parilla’s Mexican Restaurant. Other retailers in the direct trade area include: a new 80,000 SF Kaiser Permanente Medical Facility, Popeyes, Wendy’s, Jim ‘N Nicks, Tidal Wave, Autozone, and a NCG Cinema move theatre.
Whataburger is a best-in-class tenant that operate more than 1,090 restaurants across 17-states. The brand eclipsed $4 Billion in total revenue in 2024 with their average unit volume reaching more than $4 Million per restaurant in sales. The growth of the restaurant chain has been consistent with 56 consecutive quarters of same stores sales growth equating to 14 years of uninterrupted sales growth
This brand new shopping center will service the three counties that border the
city of Sharpsburg, GA. These three counties: Fulton, Fayette and Coweta have
a total population of 1,379,543 residents with an average household income
between $93,220 to $144,296. As testament, the adjacent Costco Wholesale
and Sam’s Club service a population that spans a 30-mile radius. This is due to
the strategic positioning of Sharpsburg and the fact that the closest full-service
Costco Wholesale is 40.3 miles from this location.
This newly built shopping center will be the main daily needs destination for
the residents of the affluent city of Peachtree City and will also draw residents
from Newnan, Sharpsburg, Fayetteville, Senoia and Fairburn. This region of
Atlanta is experiencing explosive growth due to its strategic positioning which
has lead to corporations opening major distribution centers in the immediate
market including: Amazon, Pet Smart and. Yamaha Motors. The area has also
become home to large TV & Movie productions and also known to have friendly
neighborhoods, and high-quality schools.
Fulton County is Georgia’s most populous county and it’s the only one with over
one million inhabitants. The county is also the richest in the state with average
household income at $144,296. Fulton is also the home of many headquarters
including AFC Enterprises (Popeyes Chicken/Cinnabon), AT&T Mobility, Chickfil-
A, Church’s Chicken, The Coca-Cola Company, Delta Air Lines, InterContinental
Hotels Group, IBM, Porsche Cars North America to name a few.
Next is Coweta county with an average household income of $110,764. The
county is located in the west central portion of the U.S. state of Georgia. It is part
of Metro Atlanta. Recently, there was an announcement to develop a 950,000
square foot 2-building warehouse by the Atlanta developer Seefried Industrial
Properties. The identity of the tenant(s) for the newer project is not disclosed
on the plans filed with Coweta County but Seefried Industrial Properties has
developed numerous distribution centers for Amazon.com.
Lastly, Fayette county rated as one of the best counties to live in Georgia. Ranked
#3 out of 151 for best county for families in Georgia and best public schools in
Georgia. The population is also highly educated with over 75% holding some form
of higher education degree and over 95% holding a high school diploma. Fayette
is also home to a variety of notable headquarters like Panasonic (Technology
& Communication) and Avery Dennison Corp (Packaging). The highest paying
industries in Fayette county are Utilities ($92,829), Management of Companies
& Enterprises ($88,854), and Information ($87,351).
Location

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