Northmarq, on behalf of ownership as its exclusive advisor, is pleased to offer for sale the opportunity to acquire the fee simple interest in the Arby’s property located at Jones Street, Lavonia, GA (the “Property”). The Property consists of a quick service restaurant on a ±1.00 acre parcel. The Property features brand new construction to be completed in 2024.
The Property has direct frontage on Jones St (12,759 VPD) with immediate access to I-85 (43,154 VPD), providing ease of sight and easy accessibility. It is located in the middle of a dense retail area and surrounded by major retailers. The immediate 10-mile area serves an affluent population of 31,187 residents earning an average household income of $82,754 annually.
The Tenant is operating under an absolute NNN fifteen (15) year lease with a full 15 years remaining, providing income security through December 2039. The Lease provides entirely passive ownership, with Tenant responsible for 100% of all operating expenses and maintenance obligations. The Lease offers fixed rental growth of 10% every 5 years during the base term and each of the five, five-year renewal options.