6510 Tara Blvd - Freestanding FOR SALE


Jonesboro, GA 30236
$1,565,000 USD
404-812-8927
6510 Tara Blvd, Jonesboro, GA for Sale
$1,565,000 USD
Freestanding - FOR SALE
1/3
null | 5.75% Cap Rate

6510 Tara Blvd
Jonesboro, GA 30236


HIGHLIGHTS

  • 15 year absolute NNN lease - 10% increases every 5 years with two 5-year options
  • Sale leaseback with a strong franchisee- Operates Popeye's, Tim Hortons, Checkers, & Moe's
  • Tim Hortons is one of the fastest growing QSR brands in the world with 5,353 existing locations
  • Well located on Tara Blvd. with high traffic counts of 35,000+ cars per day passing
  • 200,000+ people living within a 5 mile radius with an excellent average household income in a 1 mile radius of $55,915

OVERVIEW

This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Tim Hortons, located in Jonesboro, Georgia. This location comes with a new 15 year NNN lease with Tim Hortons that includes 10% 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. Tim Hortons is one of the fastest growing QSR brands in the world, and this is an ideal location for the restaurant. Morrow is a city in Clayton County, Georgia and part of the Atlanta Metropolitan Area. Located approximately 15 miles to the south of downtown Atlanta, the city is bordered by Lake City to the north and Forest Park to the northwest. Clayton State University, part of the University System of Georgia, is located across I-75 to the north of the property occupying 192 aces with more than 7,000 students enrolled. The Southern Regional Medical Center (a 331 bed hospital)is located just to the west of the property. Morrow is also located roughly 6 miles from Hartsfield-Jackson Atlanta International Airport one of the busiest airports in the world.

FOR SALE DETAILS

PRICE

$1,565,000 USD

PRICE/SF

$398 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tim Hortons- Jonesboro

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

GB

APN/PARCEL ID

13-0142D-00C-007

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.