4948 Jonesboro Rd 652 SF Retail Building Forest Park, GA 30297 $650,000 ($996.93/SF) 6.46% Cap Rate

Absolute NNN Checkers Drive-Thru | 6.46% Cap Rate | $650,000
Offered at $650,000, this is a rare opportunity to acquire an Absolute NNN Checkers drive-thru in the Atlanta MSA at a 6.46% current cap rate. The property is leased to All American QSR, LLC, a Checkers franchise operator, with the tenant responsible for taxes, insurance, maintenance, and repair obligations—providing a passive, zero-landlord-responsibility income stream.
The lease provides approximately nine years of remaining term, two 5-year renewal options, and a scheduled rent increase in 2030. Current NOI is $42,000 annually ($3,500 per month), increasing to $48,000 annually ($4,000 per month), which delivers a 7.38% cap rate on today’s purchase price.
The 652 SF restaurant sits on approximately 0.555 acres with 117 feet of frontage on Jonesboro Road, two curb cuts, eight parking spaces, and approximately 24,000 vehicles per day. The asset is positioned adjacent to a signalized hard corner in an established QSR and automotive-service corridor near Chick-fil-A, KFC, O’Reilly Auto Parts, Firestone, and other national retailers.
Located in a federally designated Opportunity Zone, the property offers a compelling sub-$1 million entry point for a 1031-exchange buyer, cash-flow investor, or owner seeking stable NNN restaurant income in the Atlanta market.
Investment Highlights: Absolute NNN lease; current NOI of $42,000; 6.46% current cap rate; $48,000 future NOI following the 2030 rent increase; 7.38% future cap rate on purchase price; drive-thru QSR; approximately nine years of term remaining; 24,000 VPD; Opportunity Zone location.