Guthrie's Chicken 1635 Grayson hwy

Investment Highlights

New Construction Guthrie's Chicken in the Atlanta MSA Excellent Visibility On Highly Trafficked Road: 46,400 VPD 60+ Unit Store Count Currently With Massive Expansion Plans to Add 30 locations Per Year Nationwide 12-Year NNN Lease With 8% Increases Every 5 Years Affluent Atlanta Submarket: $130K+ household incomes 1,000+ Residential Units Built Within the 1 Mile Radius in Last 5 Years

Executive Summary

Franklin Street is pleased to present this new construction Guthrie's Chicken in Grayson, Georgia, part of the Atlanta MSA. Guthrie's is a rapidly expanding QSR concept that plans to add 30 locations per year nationwide for the foreseeable future. The brand has roots dating back to 1965 when the first location opened in Alabama. The site was developed in front of a new 234 unit Class A apartment complex, Dylan at Grayson, on Grayson Highway which has visibility to 46,400 cars a day. Other nearby major retailers generating additional traffic to the corridor is Kroger, Starbucks, Chase Bank, Chipotle, Pana Express, Whataburger, Taco Bell, AutoZone, among many others. Additionally, one block from the location is Sterling Elementary (1,100+ students) and Couch Middle (1,100+ students) that bring daily drivers past the location. The location has Guthrie's Chicken's newest more efficient prototype that is 2,200 SF in comparison to their old version that was 3,500 SF, and includes a drive thru. The operator has signed a new 12-year NNN lease that began in December 2023. The operator has 25+ years of restaurant experience with brands such as Applebee's, Ruby Tuesday, Mellow Mushroom, among others and currently operates the Cumming, Georgia location as well.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    2,200
• Year Built    2023
• Price    2,915,600
• Price Per SF    1,325
• Cap Rate    6.50
• NOI    189,520
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    0.96 AC