1214 Maple St
Carrollton, GA 30117
Papa John's · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • LONG TERM LEASE - The subject property has over 18 years remaining on the initial term of a 20-year Absolute NNN Lease.
  • ANNUAL RENTAL INCREASES - 2% Annual Rental increases throughout the base term gives the investor the ability to hedge against inflation.
  • STRONG DEMOGRAPHICS - Population Exceeds 40,000 Individuals Within a Five-Mile Radius. An hour out of Atlanta, GA with a population of near 500,000.
  • ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands o?" investment.
  • GREAT LOCATION - Well-located asset within the growing Atlanta MSA. Positioned near several neighboring national and local retailers.
  • UNIVERSITY PRESENCE - Across the Street from University of West Georgia with over 13,400 Students in attendance.

EXECUTIVE SUMMARY

Prime Net Lease is pleased to present the exclusive listing for a Papa John’s located in Carrolton, GA. The site consists of roughly 2,057 rentable square feet of building space on estimated 0.29-acre parcel of land. The subject property benefits from being well positioned on a dense retail corridor consisting of major national and local tenants, as well as large shopping centers, all within close proximity of this property.
The franchisee guaranteed original lease has over 18 years remaining on its initial term. Fresh Dough GA, LLC, is a premier Papa John's Franchisee operating 12 Papa John's Restaurants in the Greater Atlanta Region. This absolute NNN lease has 2% annual rental increases during the base term and grants the Tenant two successive 5-year options to extend the lease.
The Property has excellent visibility and is conveniently situated on Maple Street, which traffics an average of approximately 15,500 vehicles daily. Maple Street intersects with South Park Street just under one mile from the subject property, which brings an additional 30,400 vehicles into the immediate area on average daily. There are more than 44,000 individuals residing within a five-mile radius of the property and more than 77,000 individuals within a ten-mile radius.
The subject property benefits from being well-positioned in a dense retail corridor consisting of national and local tenants, as well as large shopping centers, all within close proximity of this property. Major national tenants in the area include McDonald’s, Burger King, Wendy’s, Pizza Hut, Subway, Chipotle, Domino’s, Walgreen’s and others.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,057 SF
Building Class
C
Year Built
1989
Price
$1,700,000
Price Per SF
$826.45
Cap Rate
5.10%
NOI
$86,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.29 AC
Zoning
C2
Parking
7 Spaces (3.4 Spaces per 1,000 SF Leased)
Frontage
59’ on Maple Street

AMENITIES

  • Air Conditioning

PROPERTY TAXES

  • Listing ID: 30394933

  • Date on Market: 12/18/2023

  • Last Updated:

  • Address: 1214 Maple St, Carrollton, GA 30117