Popeyes 15-Year Abs NNN | Brand New 2020 Construction | 10% Rental Increases Every 5 Yrs

37 Bob Head Street, Blairsville, GA

$2,298,633

Price

6%

Cap Rate

$137,918

NOI

Overview
Cap Rate
6%
NOI
$137,918
Building Size
2,695 sqft
Lot Area
0.83 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 Blairsville, Georgia. 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 site benefits from its excellent visibility and frontage along the most heavily trafficked east/west thoroughfare in Blairsville (Highway 76), which boasts over 21,800 vehicles per day. Over the last 20 years, the Blairsville population has been rapidly growing and it is expected to grow another 7% within the next 5-years.

National retailers in the immediate vicinity include Home Depot, Starbucks, Wendy’s, Chevron, Waffle House, CVS Pharmacy, Family Dollar, Chick-Fil-A, Subway, Sherwin-Williams, Dunkin’ Donuts, AT&T, Taco Bell, KFC, McDonalds, AutoZone, O’Reilly Auto Parts, Rite Aid, Circle-K, Burger King, Dollar General, 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 (Zero Landlord Responsibilities)
  • 10% Rental Increases Every 5 Years (6.62% Average Cap over Initial 15-Year Term)
  • Located on Highway 76 with High Traffic Counts Exceeding 21,800 Vehicles Per Day
  • High Growth Area - 7% Expected Population Growth Over the Next 5-Years
  • Excellent Frontage and Visibility at the Intersection of Highway 76 & Bob Head Street
Documents
Title
Popeyes_-_Blairsville__GA.pdf
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Location
Gallery