Arby's | Atlanta MSA 12601 Town Center Dr

Investment Highlights

New 15-year absolute NNN lease with 10% rental increases every five years Publix Outparcel in a New 180-Acre Mixed Use Development High-visibility and easily accessible location near the signalized intersection of Alcovy Rd and Industrial Park Blvd Northeast (37,200 AADT) Operated by AES Southeast, LLC, a strong Arby?s franchisee with 170 Arby?s restaurants in 16 locations and growing Absolute NNN lease requires no landlord management whatsoever, extremely attractive for both local and out-of-area investors New high-quality 2023 construction built to latest Arby?s prototype

Executive Summary

This Arby?s has a high-visibility and easily accessible location along near the signalized four-way intersection of Alcovy Road and Industrial Park Boulevard Northeast (combined 37,200 AADT)The property is just north of Interstate 20, a major east-west route traversing the entirety of Georgia that allows the site to capture significant commuter traffic (80,000 AADT)The location features a prime setting within Covington Town Center, a new 180-acre mixed-use development including a medical office building, 350 apartment units, 270 townhomes, and a 175,000-SF retail center anchored by PublixThe site greatly benefits from its proximity 2.4 miles from Piedmont Newton Hospital (739 employees), the second-largest employer in Covington303,670 residents live within a fifteen-mile radius of the site, providing an extremely large and reliable customer baseProjected population and income increases within 5-, 10-, and 15-mile radii over the next five years poise Arby?s and Covington for steady concurrent growth

• Sale Type    Investment
• Sale Condition    1031 Exchange
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
• Building Size    3,000
• Building Class    B
• Year Built    2024
• Price    2,522,000
• Price Per SF    841
• Cap Rate    5.75
• NOI    145,000
• Tenancy    Single
• Building Height    1 Story