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Surcheros 104 S Tennessee St 2,832 SF Retail Building Cartersville, GA 30120 $2,580,192 ($911.08/SF) 6.25% Cap Rate
Investment Highlights
- New Construction Surcheros | Absolute NNN Lease: Newly renovated ±2,832 SF retail asset (2005/2024) leased to Surcheros Fresh Mex
- Attractive Yield with Built-In Growth: Offering a 6.25% cap rate on $161,262 NOI, with 2.0% annual rent increases, driving consistent income growth
- Dominant Retail Corridor | National Co-Tenancy: Surrounded by major national retailers including Publix, Target, Kroger, Kohl’s, Hobby Lobby
- Long-Term Corporate Lease | Strong Income Security: Backed by Surcheros Holding Company, LLC (Corporate Guarantee) with ±13 years of remaining term
- Prime Corner Location | Strong Visibility & Access: Positioned on a ±0.57-acre parcel at a signalized intersection along S Tennessee St
- Growing Atlanta MSA Submarket: Located ±43 miles from Atlanta within a high-growth corridor, featuring 8.42% projected 3-mile population growth
Executive Summary
Broker of Record
Maxx Bauman
License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Maxx Bauman
License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,832 SF
Building Class
C
Year Built/Renovated
2005/2024
Price
$2,580,192
Price Per SF
$911.08
Cap Rate
6.25%
NOI
$161,262
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.57 AC
Zoning
C2 - Commercial
Parking
19 Spaces (6.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Surcheros is a fast-casual restaurant brand specializing in made-to-order Tex-Mex cuisine, including burritos, tacos, quesadillas, bowls, and salads. The company was founded in 2007 in Douglas, Georgia, where it maintains its corporate headquarters and operates a flagship restaurant location. Surcheros began as a regional concept and has since expanded across multiple Southeastern states through a mix of company-owned and franchised restaurants.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | C001-0018-005 | Improvements Assessment | $227,498 |
| Land Assessment | $280,000 | Total Assessment | $507,498 |
Property Taxes
Parcel Number
C001-0018-005
Land Assessment
$280,000
Improvements Assessment
$227,498
Total Assessment
$507,498
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Surcheros | 104 S Tennessee St
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