Papa John's

Highlights:

• LONG TERM LEASE - The subject property has 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 20,000 Individuals Within a Five-Mile Radius.
• GREAT LOCATION - Well-located asset positioned near several neighboring national and local retailers including Walmart, Walgreen’s, Dunkin Donuts, McDonald’s, Wendy’s, Subway, Taco Bell, Domino’s, Dairy Queen, Chick-Fil-A, and many more.
• UNIVERSITY PRESENCE - Across the Street from University of North Georgia with over 17,250 Students in attendance.
• HIGH TRAFFIC COUNTS - Over 14,000 Vehicles Daily Along South Chestatee Street.

Description:

Prime Net Lease is pleased to present the exclusive listing for a Papa John's located in in Dahlonega, GA. The site consists of roughly 1,517 rentable square feet of building space on estimated 0.45-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 18 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 South Chestatee Street, which traffics an average of 14,032 vehicles daily. South Chestatee Street intersects with Georgia State Route 9 North just under 1,000 feet from the subject property, which brings an additional 14,470 vehicles into the immediate area daily. There are more than 20,657 individuals residing within a five-mile radius of the property and more than 47,250 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 Walmart, Walgreen’s, Dunkin Donuts, McDonald’s, Wendy’s, Subway, Taco Bell, Domino’s, Dairy Queen, Chick-Fil-A, and various others. Beyond these, there is a strong presence of local shops and restaurants just Northwest of the property.

This site is located across the street from University of North Georgia, Dahlonega campus, which has an enrollment of just under 20,000 students. This location will additionally benefit from a new 86,000 square foot Cottrell Center being currently constructed directly across the street. This new campus building will serve as a hub for business and computer science programs with specialized labs and high technology classrooms. Such an addition will certainly add to the foot traffic and store sales at the subject location.

Dahlonega is the county seat of Lumpkin County, Georgia. The city is located at the northern end of Georgia State Route 400, which connects Dahlonega to Atlanta, some 60 miles southwest. The city also benefits from being just over 18 miles northwest of Gainesville. The town is known for its historic town square, where many local festivals take place. The town is also under five miles from Lake Lanier, a popular destination that attracts over 10 million people every year. Further, Lumpkin County is home to several vineyards and wineries. These amenities make Dahlonega a relatively bustling tourist attraction in the state of Georgia.

Site of the first major U.S. Gold Rush and the Heart of Georgia Wine Country, Dahlonega offers an authentic, mountain getaway only an hour north of Atlanta. Nestled in the foothills of the Blue Ridge Mountains, Dahlonega offers expansive mountain vistas, roaring waterfalls and bubbling streams, postcard-worthy wineries, and an abundance of entertainment.

Whether your perfect day involves wading knee-deep in the river panning for gold, strolling through art galleries, shopping in one-of-a-kind boutiques, or sipping perfection expressed in Georgia wine, Dahlonega is guaranteed to please.

Experience historic tours and attractions, stroll our delightful Downtown -- listed on the Historic Register -- adventure through the Chattahoochee National Forest, and enjoy live music, theater, and arts entertainment year-round at venues and seasonal festivals. When the sun goes down, rest your head at one of our relaxing lodging accommodations.

Guests and locals alike enjoy outstanding arts and gold medal wineries, original architecture and gold history attractions, a Golden Bear signature golf course and the University of North Georgia with its signature gold steeple. As a destination hub in the heart of the North Georgia Mountains, Dahlonega plays host to year-round weddings, waterfall and wildlife seekers, and world-renowned bicycling events.