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Harold's Chicken & Ice Bar 2657 Panola Rd 6,764 SF Retail Building Lithonia, GA 30058 $2,100,000 ($310.47/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long–Term Net Lease to Harold’s Chicken & Ice Bar with 3% Annual Rent Increases
- Less than 1.5 Miles from Emory Hillandale Hospital (Part of Emory Healthcare)
- 18 Miles from Hartsfield–Jackson International Airport, the Busiest in the World
- Large Parcel with Low Rent Structure at $1.82/SF with Future Redevelopment Upside
- Convenient Location Along Panola Road (27,600 ADT)
EXECUTIVE SUMMARY
Fisher James Capital is pleased to present Harold’s Chicken & Ice Bar, a rare net lease investment located in Lithonia, GA, just 15 miles from Downtown Atlanta. The property features a long-term lease with 3% annual increases, providing consistent rent growth and a natural hedge against inflation. Harold’s, a well-established brand with strong regional recognition, combines its legendary fried chicken with an elevated dining and nightlife experience, driving steady consumer demand. The ±6,764 SF building sits on a large 1.1-acre parcel with a low rent structure and future redevelopment potential. Strategically positioned along Panola Road between I-20 and US-278, the site benefits from excellent visibility, high traffic counts, and close proximity to major demand drivers including Emory Hillandale Hospital and Hartsfield-Jackson International Airport.
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,764 SF
Building Class
B
Year Built
2002
Price
$2,100,000
Price Per SF
$310.47
Cap Rate
7.25%
NOI
$152,254
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.12 AC
Zoning
C-1
Parking
38 Spaces (5.62 Spaces per 1,000 SF Leased)
Frontage
112’ on Panola Rd
AMENITIES
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-040-01-001 | Improvements Assessment | $533,852 |
| Land Assessment | $186,148 | Total Assessment | $720,000 |
PROPERTY TAXES
Parcel Number
16-040-01-001
Land Assessment
$186,148
Improvements Assessment
$533,852
Total Assessment
$720,000
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Harold's Chicken & Ice Bar | 2657 Panola Rd
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