1635 Grayson Hwy - Restaurant FOR SALE


Grayson, GA 30017
$2,915,600 USD
404-832-1251
1635 Grayson Hwy, Grayson, GA for Sale
$2,915,600 USD
Restaurant - FOR SALE
1/5
null | 6.5% Cap Rate

1635 Grayson Hwy
Grayson, GA 30017


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,915,600 USD

PRICE/SF

$1,325 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Guthrie's Chicken

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

C2-GENERAL

APN/PARCEL ID

5-137-019

ASK ABOUT THIS PROPERTY

Bryan BelkFranklin Street Real Estate ServicesMore Info
404-832-1251

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Bryan BelkFranklin Street Real Estate ServicesMore Info
404-832-1251

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