603 Martin Luther King Jr Dr - Fast Food FOR SALE


Cartersville, GA 30121
$2,339,411 USD
619-218-6427
603 Martin Luther King Jr Dr, Cartersville, GA for Sale
$2,339,411 USD
Fast Food - FOR SALE
1/4
null | 7% Cap Rate

603 Martin Luther King Jr Dr
Cartersville, GA 30121


HIGHLIGHTS

  • Long-Term Absolute NNN Lease (Zero Landlord Responsibilities)
  • 10% Rent Increases Every 5-Years in Primary Term & Options
  • Located at Busy Signalized Intersection & Hard Corner
  • Traffic Counts Exceed 41,000 Vehicles Per Day
  • Dense Retail Trade Area with Excellent Access & Visibility
  • 5.0% Expected Population Growth Over the Next 5-Years (Atlanta is the Most Populated & Fastest Growing Metro in the State)

OVERVIEW

The subject property is a freestanding Popeyes drive-thru located in Cartersville (Atlanta MSA), GA. Built in 2019, the property is under a long-term absolute NNN lease with 10% rental increases every 5-years in the primary term and in the (4) five-year option periods. This Popeyes is strategically located in a dense retail trade area at a busy signalized intersection and hard corner. The site benefits from its excellent access and visibility along the most heavily trafficked thoroughfare in Cartersville (US Hwy 41), which boasts over 35,000 vehicles per day. The Cartersville population has been rapidly growing and is expected to grow another 5.0% over the next 5-years. National retailers in the immediate vicinity include ALDI, McDonald’s, Target, Hobby Lobby, Big Lots, O’Reilly Auto Parts, Wendy’s, Dollar General, Walgreens, Burger King, CVS Pharmacy, Discount Tire, PetSmart, Verizon, Chick-Fil-A, Publix, TJ-Maxx, Kohl’s, Five Guys, T-Mobile, GameStop, Chili’s, IHOP, Freddy’s, AT&T, Starbucks, Kroger, Wells Fargo, Taco Bell, Chipotle, Longhorn Steakhouse, and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.

FOR SALE DETAILS

PRICE

$2,339,411 USD

PRICE/SF

$868 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes | Long-Term Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

C3

APN/PARCEL ID

C005-0002-005

ASK ABOUT THIS PROPERTY

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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