Popeyes | 10-Yr Abs NNN | Atlanta MSA 603 Martin Luther King Junior Dr

Investment Highlights

Long-Term Absolute NNN Lease (Zero Landlord Responsibilities) Located at Busy Signalized Intersection & Hard Corner Dense Retail Trade Area with Excellent Access & Visibility 10% Rent Increases Every 5-Years in Primary Term & Options Traffic Counts Exceed 41,000 Vehicles Per Day 5.0% Expected Population Growth Over the Next 5-Years (Atlanta is the Most Populated & Fastest Growing Metro in the State)

Executive Summary

The subject property is a freestanding Popeyes drive-thru located in Cartersville (Atlanta MSA), GA. Built in 2019, the property is under a long-term absolute NNN lease with 10% rental increases every 5-years in the primary term and in the (4) five-year option periods.This Popeyes is strategically located in a dense retail trade area at a busy signalized intersection and hard corner. The site benefits from its excellent access and visibility along the most heavily trafficked thoroughfare in Cartersville (US Hwy 41), which boasts over 35,000 vehicles per day. The Cartersville population has been rapidly growing and is expected to grow another 5.0% over the next 5-years. National retailers in the immediate vicinity include ALDI, McDonald?s, Target, Hobby Lobby, Big Lots, O?Reilly Auto Parts, Wendy?s, Dollar General, Walgreens, Burger King, CVS Pharmacy, Discount Tire, PetSmart, Verizon, Chick-Fil-A, Publix, TJ-Maxx, Kohl?s, Five Guys, T-Mobile, GameStop, Chili?s, IHOP, Freddy?s, AT&T, Starbucks, Kroger, Wells Fargo, Taco Bell, Chipotle, Longhorn Steakhouse, and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant General Retail Storefront Freestanding
• Building Size    2,695
• Building Class    B
• Year Built    2019
• Price    2,481,182
• Price Per SF    921
• Cap Rate    6.60
• NOI    163,758
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    1.20 AC

• Pylon Sign
• Drive Thru