About This Restaurant
Investment Highlights
5 year absolute NNN lease - 7.5% increases every 5 years with 2 x 5 year options Tim Hortons is one of the fastest growing QSR brands in the world with 5,353 existing locations Excellent visibility and accessibility for customers, and an ideal location right off I-85 and situated in front of a big multifamily development Tim Hortons is aggressively expanding in Georgia. High traffic: 29,000+ cars per day on Senoia Road, GA 74 Sale leaseback with a strong franchisee- Operates Popeye's, Tim Hortons, Checkers, & Moe's Strong one-mile average household income of $86,062, with anticipated 21% growth over the next 5 years.
Executive Summary
This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Tim Hortons, located in Fairburn, Georgia. The property is located off Fairburn main I-85 exit and situated in front of a big multifamily development. The location is open and the sales have been strong since opening. This location comes with a new 15 year NNN lease with Tim Hortons that includes 7.5% increases every 5 years, and two 5-yearoptions. The franchisee is based in Atlanta, and currently operates Popeyes, Tim Hortons, Moe's, & Checkers locations. Popeyes is one of the fastest growing QSR brands in the world, and this is an ideal location for the restaurant.Fairburn, Georgia is a vibrant city located in Fulton County, known for its rich history and small-town charm. The city is home to a diverse community and offers a mix of residential, commercial, and industrial areas. With easy access to major highways and transportation networks, Fairburn has become a hub for economic development and business growth. The city's picturesque downtown area, historic landmarks, and local events make it a welcoming and lively place to live, work, and visit.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant Fast Food
- Building Size 2,460
- Building Class B
- Year Built 2014
- Price 2,400,000
- Price Per SF 976
- Cap Rate 6
- NOI 144,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 0.98 AC
Amenities
- Corner Lot
- Restaurant
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
Property Taxes
Parcel Number | 09F-0703-0032-030-4 | Improvements Assessment | $254,760 |
Land Assessment | $167,360 | Total Assessment | $422,120 |
Date Created: | 2024-07-16 04:13:35 | Last Updated: | 2024-07-16 04:13:35 |
Address: | 7940 Senoia Rd , Fairburn, Georgia, 30213 |