The subject property is a newly constructed Smalls Sliders drive-thru located in Stockbridge (Atlanta), GA. The brand new 15-year absolute NNN lease is guaranteed by Purple Square Management (325+ Locations) and includes 10% rental increases every 5-years in the primary term and in the (4) five-year option periods. With average unit volumes exceeding $2 Million, Smalls Sliders is one of the fastest growing QSR concepts in the United States with 350+ locations open & under development.
The property is located one mile from Piedmont Henry Hospital (259 Beds & 1,800 employees) which is in the process of a $215M expansion to add a new patient tower and 95 new/additional inpatient rooms. The site benefits from its convenient access right off Interstate-75 and Hudson Bridge Road with combined traffic counts exceeding 213,000 vehicles per day. This location shares access with a brand new Peachtree Immediate Care and Caliber Car Wash at the signalized intersection of Willis Drive and Hudson Bridge Road. Within 5-miles of the subject property there are over
102,000 residents with 5.0% expected population growth over the next 5-years. Average household income exceeds $93,000 in both a three and five mile radius.
National retailers in the immediate vicinity include Taco Bell, Kroger, QuikTrip, Bank of America, Zaxby’s, Arby’s, Chipotle, AT&T, Dollar Tree, Walmart, Popeyes, McDonald’s, AutoZone, Bojangles, Verizon, Walgreens, O’Reilly Auto, Dunkin’ Donuts, Wells Fargo, Chick-Fil-A, Outback, Wendy’s, KFC, Starbucks, Chase Bank, Publix, Take 5 Oil Change, and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.