1456 Newnan Crossing Blvd E - Fast Food FOR SALE


Newnan, GA 30265
$2,985,000 USD
949-942-1301
1456 Newnan Crossing Blvd E, Newnan, GA for Sale
$2,985,000 USD
Fast Food - FOR SALE
1/1
null | 5.7% Cap Rate

1456 Newnan Crossing Blvd E
Newnan, GA 30265


HIGHLIGHTS

  • Located Within the Atlanta MSA in An Affluent and Rapidly Expanding Area
  • Long Term 20-Year Lease | Absolute Triple Net Lease with No Landlord Responsibilities
  • 10% Rental Increases Every Five Years | Affluent Surrounding Area with Average Annual Incomes of Nearly $100,000
  • Projected Annual Population Growth of Approximately 2.7% Within One Mile Over the Next Five Years
  • Freddy’s Frozen Custard & Steakburgers Has Approximately 450 Locations
  • Surrounded By Neighborhood Retailers Which Include Publix, CVS Pharmacy, Wal-Mart Supercenter, Lowe's, Home Depot And Many More

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, situated within the $150 million multi-use development known as Newnan Village Crossing on a 125-acre tract in Newnan located along I-85. This Freddy’s sale-leaseback 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. The property is strategically positioned on the hard corner adjacent to Summerlin Corners, a Kroger Anchored Center Located in a fast growing residential area surrounded by neighborhood retailers Area retailers include Publix, CVS Pharmacy, Wal-Mart Supercenter, Lowe’s & Home Depot.

FOR SALE DETAILS

PRICE

$2,985,000 USD

PRICE/SF

$963 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

RESIDENTIA

APN/PARCEL ID

086-5021-010

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.