4788 Jonesboro Rd - Fast Food FOR SALE


Union City, GA 30291
$2,400,000 USD
404-812-8927
4788 Jonesboro Rd, Union City, GA for Sale
$2,400,000 USD
Fast Food - FOR SALE
1/6
null | 6% Cap Rate

4788 Jonesboro Rd
Union City, GA 30291


HIGHLIGHTS

  • New construction completed in 2024
  • 15 year absolute NNN lease - 7.5% increases every 5 years with 2 x 5 year options
  • Strong store sales since opening
  • Sale leaseback with a strong franchisee- Operates Popeye's, Tim Hortons, Checkers, & Moe's
  • High traffic: 33,000+ cars per day on Jonesboro Road, GA 138
  • 110,789 residents within a 5-mile radius, boasting an impressive average household income of $81,531 with 19% growth projected in the next 5-years

OVERVIEW

This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Checkers, located in Union City, Georgia. This location comes with a new 15 year NNN lease with Checkers that includes 7.5% increases every 5 years, and two 5-year options. The franchisee is based in Atlanta, and currently operates Popeyes, Tim Hortons, Moe's, & Checkers locations. Union City, a suburb just 15 minutes south of Downtown Atlanta, is strategically located approximately 10 miles from the world's busiest airport, Hartsfield-Jackson International Airport. Major corporations are drawn to the area, evident by the presence of massive distribution centers and job opportunities. Significant development has continued to happen in the area, with projects planned in collaboration with Aerotropolis Atlanta Alliance. Porsche's $100 million North American headquarters and the construction of Union Station Business Center highlight the area's growth. The proliferation of new car dealerships underscores Union City's importance as a retail hub.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$723 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Checkers - Union City

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

C2

APN/PARCEL ID

09F-1503-0063-157-7

ASK ABOUT THIS PROPERTY

Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

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Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

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