1215 Highway 85 North - Fast Food FOR SALE


Fayetteville, GA 30214
$3,510,000 USD
949-942-1301
1215 Highway 85 North, Fayetteville, GA for Sale
$3,510,000 USD
Fast Food - FOR SALE
1/1
null | 5.7% Cap Rate

1215 Highway 85 North
Fayetteville, GA 30214


HIGHLIGHTS

  • Located Within the Atlanta MSA in An Affluent and Rapidly Expanding Area
  • Situated In Dense Retail Corridor, Adjacent to Walmart Super Center, Publix, Target, Home Depot, Lowe’s, and Kroger
  • Absolute Triple Net Lease with No Landlord Responsibilities | Long-Term 20-Year Lease
  • Affluent Surrounding Area with Average Annual Household Incomes of Nearly $100,000
  • Projected Annual Population Growth of Approximately 1.1% Within One Mile Over the Next Five Years

OVERVIEW

Graystone Capital Advisors is pleased to exclusively offer for sale a single tenant net leased Freddy’s Frozen Custard & Steakburgers property located in the Atlanta MSA. This Freddy’s sale leaseback opportunity features a 20-year absolute triple net lease that includes 10% rental increases every five years. The lease is guaranteed by JRI Hospitality, the largest franchise operator of Freddy’s with +/-80 existing locations across 15 states and plans for additional growth. Freddy’s has approximately 450 locations and is one of the fastest growing restaurant chains in the US. The property is strategically positioned within an Affluent Atlanta Suburb with Approx. 1,280,000 Residents within 20 Miles. This property can be purchased individually or as a part of an 13-property portfolio.

FOR SALE DETAILS

PRICE

$3,510,000 USD

PRICE/SF

$1,354 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freddy's Frozen Custard and Steakburgers

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

Commercial

APN/PARCEL ID

05-38-00-159

ASK ABOUT THIS PROPERTY

Brenton BaskinGraystone Capital AdvisorsMore Info
949-942-1301

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Brenton BaskinGraystone Capital AdvisorsMore Info
949-942-1301

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