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Arby's 1107 N Third St 2,557 SF Retail Building Chatsworth, GA 30705 $1,350,000 ($527.96/SF) 5.92% Cap Rate
Investment Highlights
- Absolute NNN Lease – 2+ years remaining and 7.5% rent increase in the next option period, which would effectively increase the cap rate to 6.36%
- Three 5-Year Options – Each 5-year option period includes 7.5% rent increases.
- Strong location and just $26.68 PSF in rent! Provides the tenant with a platform for long-term success and profitability.
- Strong Franchisee – Restaurant Management, Inc. (established 1966) operates ±70 Arby’s locations throughout OH, KY, TN, IN, NC, AL, and GA.
- 20-Year Operating History – Constructed in 2006 and continuously operated by Restaurant Management, Inc.
- Combined 32,250+ vehicles per day serving the property on North 3rd Ave and Jackson Lake Rd bringing a significant consumer base by the store daily.
Executive Summary
Broker of Record
Maxx Bauman
License # 451849 (GA)
Broker Firm No. 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Maxx Bauman
License # 451849 (GA)
Broker Firm No. 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,557 SF
Building Class
C
Year Built
2005
Price
$1,350,000
Price Per SF
$527.96
Cap Rate
5.92%
NOI
$79,920
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.80 AC
Zoning
CH
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0048B-212 | Improvements Assessment | $86,720 |
| Land Assessment | $95,800 | Total Assessment | $182,520 |
Property Taxes
Parcel Number
0048B-212
Land Assessment
$95,800
Improvements Assessment
$86,720
Total Assessment
$182,520
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Arby's | 1107 N Third St
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