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323 Harold G Clarke Pky
Forsyth, GA 31029
Shoney’s · Retail Property For Sale
Investment Highlights
- Single-tenant Shoney's restaurant leased to Witherell Enterprises, Inc., a long-standing franchise operator with occupancy dating back to 2013.
- Current lease term extends through April 22, 2030.
- Strategic location near Interstate 75 serving both local residents and regional traveler traffic.
- Absolute NNN lease structure providing a passive investment opportunity with minimal landlord responsibilities
- Freestanding ±5,000 SF restaurant situated on approximately 1.26 acres
- Established restaurant site within a proven commercial corridor featuring national retailers, hotels, and service-oriented businesses.
Executive Summary
This investment opportunity consists of a freestanding Shoney's restaurant located in Forsyth, Georgia. The property is leased to Witherell Enterprises, Inc., a longtime franchise operator that has occupied the location since 2013. The current lease term extends through April 22, 2030, providing investors with stable contractual income from an established restaurant operator.
The lease is structured as an absolute NNN lease, under which the tenant is responsible for taxes, insurance, utilities, maintenance, repairs, replacements, and other property-related expenses. This structure offers a passive ownership profile while limiting exposure to operating expenses and capital expenditures.
Positioned on approximately 1.43 acres along Harold G. Clarke Parkway, the asset benefits from strong visibility, convenient access, and proximity to Interstate 75, one of Georgia's primary transportation corridors.
The lease is structured as an absolute NNN lease, under which the tenant is responsible for taxes, insurance, utilities, maintenance, repairs, replacements, and other property-related expenses. This structure offers a passive ownership profile while limiting exposure to operating expenses and capital expenditures.
Positioned on approximately 1.43 acres along Harold G. Clarke Parkway, the asset benefits from strong visibility, convenient access, and proximity to Interstate 75, one of Georgia's primary transportation corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,664 SF
Building Class
C
Year Built
1989
Price
$2,100,000
Price Per SF
$370.76
Cap Rate
3.07%
NOI
$64,480
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.50 AC
Zoning
001
Property Taxes
| Parcel Number | 054-009D | Improvements Assessment | $154,880 |
| Land Assessment | $75,600 | Total Assessment | $230,480 |
Property Taxes
Parcel Number
054-009D
Land Assessment
$75,600
Improvements Assessment
$154,880
Total Assessment
$230,480
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