Sharpsburg Broker of Record.... Jeremy Yarbrough... Lic No H-62003
Faris Lee Investments is pleased to present the rare opportunity to acquire a corporate guaranteed Whataburger investment property situated in the newly built Fischer Marketplace that is anchored by a Publix super market, Floor & Décor and a Piedmont Healthcare medical facility. The Whataburger is subject to a 15-year Ground Lease that will commence at the grand opening in May 2025. The lease is absolute NNN with 10% increases every five years and guaranteed by corporate Whataburger offering an investor long-term security and stability.
The newly built Fischer Marketplace shopping center is strategically situated on State Route 34 (39,906 VPD) across a Sam’s Club and a Costco anchored shopping centers that serve as a regional trade area for the tri-county population from Fulton, Fayette, and Coweta counties. The Publix is set to open in April 2025 that will serve as the primary daily needs grocer for the affluent residents of Peachtree City, Senoia, Sharpsburg and Newnan that boast an impressive average household income of $141,912 in a 7-mile radius of the subject property. In addition to Whataburger, Fischer Marketplace includes an excellent tenant lineup of: Fifth Third Bank, Miller’s Ale House, Heartland Dental, Andy’s Frozen Custard, Jersey Mike’s, Nothing Bundt Cakes and La Parilla’s Mexican Restaurant. Other retailers in the direct trade area include: a new 80,000 SF Kaiser Permanente Medical Facility, Popeyes, Wendy’s, Jim ‘N Nicks, Tidal Wave, Autozone, and a NCG Cinema move theatre.
Whataburger is a best-in-class tenant that operate more than 1,090 restaurants across 17-states. The brand eclipsed $4 Billion in total revenue in 2024 with their average unit volume reaching more than $4 Million per restaurant in sales. The growth of the restaurant chain has been consistent with 56 consecutive quarters of same stores sales growth equating to 14 years of uninterrupted sales growth.