Papa John's

Highlights:

• LONG TERM LEASE - The subject property has over 17 years remaining on the initial term of a 20-year Absolute NNN Lease.
• ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands off" investment.
• ANNUAL RENTAL INCREASES - 2% Annual Rental increases throughout the base term gives the investor the ability to hedge against inflation.
• STRONG DEMOGRAPHICS - Population Exceeds 40,000 Individuals Within a Five-Mile Radius.
• GREAT LOCATION - Well-located asset within the growing Atlanta MSA. Positioned near several neighboring national and local retailers including McDonald’s, Burger King, Wendy’s, Pizza Hut, Subway, Chipotle, Domino’s, Walgreen’s, and many more.
• UNIVERSITY PRESENCE - Across the Street from University of West Georgia with over 13,400 Students in attendance.
• HIGH TRAFFIC COUNTS - Over 15,000 vehicles daily along Maple Street with 30,400 additional vehicles from South Park Street.

Description:

Prime Net Lease is pleased to present the exclusive listing for a Papa John’s located in Carrolton, GA. The site consists of roughly 2,057 rentable square feet of building space on estimated 0.29-acre parcel of land. The subject property benefits from being well positioned on a dense retail corridor consisting of major national and local tenants, as well as large shopping centers, all within close proximity of this property.

The franchisee guaranteed original lease has over 17 years remaining on its initial term. Fresh Dough GA, LLC, is a premier Papa John's Franchisee operating 12 Papa John's Restaurants in the Greater Atlanta Region. This absolute NNN lease has 2% annual rental increases during the base term and grants the Tenant two successive 5-year options to extend the lease.

The Property has excellent visibility and is conveniently situated on Maple Street, which traffics an average of approximately 15,500 vehicles daily. Maple Street intersects with South Park Street just under one mile from the subject property, which brings an additional 30,400 vehicles into the immediate area on average daily. There are more than 44,000 individuals residing within a five-mile radius of the property and more than 77,000 individuals within a ten-mile radius.

The subject property benefits from being well-positioned in a dense retail corridor consisting of national and local tenants, as well as large shopping centers, all within close proximity of this property. Major national tenants in the area include McDonald’s, Burger King, Wendy’s, Pizza Hut, Subway, Chipotle, Domino’s, Walgreen’s and others.

This Papa John’s also benefits from being across the street from the University of West Georgia, which enrolls 13,400 students annually. The Papa John’s is also under a mile from the Carrollton Public School campus, where all the city’s public schools are located, and where just under 5,500 students attend school daily.

Carrollton is a city in and the county seat of Carrollton County, Georgia. Located about an hour west of Atlanta, the City of Carrollton, GA is a thriving small town with surprisingly big appeal. From a rich and colorful local arts scene to an uncommon variety of outdoor amenities, the city truly offers something for everyone. Add in two colleges bursting with their own activities and classes, a host of locally-owned restaurants and shops, and a calendar full of lively events, and it’s easy to see that the City of Carrollton is Altogether Original. Historically, Carrollton has been a commercial center for several mostly rural counties in both Georgia and Alabama. It is the home of the University of West Georgia and West Georgia Technical College. The city’s current major employers are in construction, utilities, software, and healthcare. Many of the city’s current tenants are national retail chains and restaurants. The city also benefits from being located close to Interstate 20 and the Norfolk Southern Railway, as well as being an hour drive from Atlanta.

From the parks linked by the greenbelt to the bright lights, music, food and fun of downtown, there is nowhere like Carrollton. Concerts at the amp, performances and exhibits at the center for the arts and southeastern quilt and textile museum, our historic train depot and a calendar full of exciting events fill our town with music, culture and history. Have a love for the outdoors? Check out our best-in-state disc-golf course, bike the Carrollton greenbelt or zip-line on the world’s longest canopy tour at historic banning mills. With diverse restaurants, live entertainment and local wineries and breweries, there’s always something happening in our town. Carrollton is one of a kind.

Carrollton is included in the Atlanta Metropolitan Area. Metro Atlanta is the most populous metropolitan statistical area in the state of Georgia and the eighth-largest in the United States. Its economic, cultural, and demographic center is Atlanta, and its total population was 6,144,050 in the 2021 estimate from the U.S. Census Bureau. The metro area forms the core of a broader trading area, the Atlanta–Athens-Clarke–Sandy Springs Combined Statistical Area. The Combined Statistical Area spans up to 39 counties in North Georgia, and one county in Alabama, Chambers. The Combined Statistical Area recorded in the 2020 U.S. census a population of 6,930,423. Atlanta is the second-largest metropolitan area in the Census Bureau's Southeast region, behind that of Greater Washington, D.C. It surpassed the Greater Miami area in total population in 2021.