1133 Bankhead hwy - Fast Food FOR SALE


Carrollton, GA 30116
$1,776,000 USD
610-608-2621
1133 Bankhead hwy, Carrollton, GA for Sale
$1,776,000 USD
Fast Food - FOR SALE
1/15
null | 5.35% Cap Rate

1133 Bankhead hwy
Carrollton, GA 30116


HIGHLIGHTS

  • LONG TERM NNN GROUND LEASE WITH RENTAL INCREASES
  • PRIME SIGNALIZED INTERSECTION LOCATION
  • BUSY RETAIL CORRIDOR WITH NATIONAL RETAILERS
  • ATLANTA MSA

OVERVIEW

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Wendy’s, (the “Property”) in Carrollton Georgia, a city located 40 miles southwest of Atlanta. Wendy’s operates on a triple-net (NNN) ground lease with over twelve and a half (12.5+) years of term remaining and a low rent of $95,000. The triple-net (NNN) lease structure allows for a completely hands-off passive form of ownership. The lease offers rental increases of ten (10%) percent every five (5) years throughout the base term and option periods. Wendy’s sits at the corner of a signalized intersection between Bankhead Highway (35,200 VPD) and Somerset Place where the property benefits from excellent visibility. Additionally, Wendy's is an outparcel to Carrollton Exchange, a shopping center which features other top restaurant chains such as LongHorn Steakhouse; the 19th most visited location within the LongHorn Steakhouse chain (Placer.ai). Carrollton is part of the Atlanta MSA, the 6th largest metro area in the United States and is home to a population of over 6.3 million people. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly prepared salads, and other signature items like chili, baked potatoes and the Frosty dessert. Wendy’s and its franchisees employ hundreds of thousands of people across over 7,000 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand. Recently, Wendy’s extended their hours with the drive-thru being open until midnight and they now serve breakfast items. As of Q3 2024, Wendy’s restaurants continued to deliver sales growth with U.S. Systemwide sales totaling $3.14 billion for the quarter and maintaining overall traffic and dollar share in the QSR burger category. The company also reported total revenues of $566.7 million for the quarter, up 2.9% from the same period in 2023. LONG TERM NNN GROUND LEASE WITH RENTAL INCREASES – Wendy’s operates on a triple-net (NNN) ground lease with over twelve and a half (12.5+) years of term remaining and a low rent of $95,000. The triple-net (NNN) lease structure allows for a completely hands-off passive form of ownership. The lease offers rental increases of ten (10%) percent every five (5) years throughout the base term and option periods. PRIME SIGNALIZED INTERSECTION LOCATION – Wendy’s sits at the corner of a signalized intersection between Bankhead Highway (35,200 VPD) and Somerset Place where the property benefits from excellent visibility. Additionally, Wendy's is an outparcel to Carrollton Exchange, a shopping center which features other top restaurant chains including McDonald’s and LongHorn Steakhouse; the 19th most visited location within the LongHorn Steakhouse chain. (Placer.ai) ATLANTA MSA – Carrollton is located approximately forty miles (40 mi.) southwest of Atlanta, Georgia, and part of the Atlanta metro area. The Atlanta metro area is the 6th largest MSA in the United States and is home to a population of over 6.3 million people. BUSY RETAIL CORRIDOR WITH NATIONAL RETAILERS – Bankhead Highway (35,200 VPD) is a main thoroughfare in the area that is host to numerous national retailers including: CVS Pharmacy, Wells Fargo Bank, Big Lots, Ollie’s Bargain Outlet, Hibbett Sports, Advance Auto Parts, O’Reilly Auto Parts, Dollar Tree, Dollar General, Family Dollar, Express Oil Change, Chick-Fil-A, Taco Bell, KFC, Burger King, and Zaxby’s, further demonstrating the strength of the retail corridor. NEARBY DEVELOPMENT – The surrounding area is welcoming new developments including Morgan Landing, a new construction 74-home community by Smith Douglas Homes, less than one mile (1 mi.) from the property. In Cooperation With: Brian Brockman, Bang Realty-Georgia, Inc. (License #: 378952)

FOR SALE DETAILS

PRICE

$1,776,000 USD

PRICE/SF

$695 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

-

APN/PARCEL ID

C05-0310067

ASK ABOUT THIS PROPERTY

Steve SchrenkForged Real EstateMore Info
610-608-2621

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Steve SchrenkForged Real EstateMore Info
610-608-2621

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.