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Wendy's 6241 Jonesboro Hwy 2,110 SF Retail Building Morrow, GA 30260 $2,218,182 ($1,051.27/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Franchisee
- Strong Retail Corridor
- Proximity to Clayton County Convocation Center
- High Traffic and Accessibility
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Wendy's located at 6241 Jonesboro Rd, Morrow, GA 30260. The site consists of roughly 2,110 rentable square feet of building space on an estimated 1.07-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $122,000 and has scheduled increases of lesser of change in CPI or 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,110 SF
Building Class
B
Year Built/Renovated
1990/2017
Price
$2,218,182
Price Per SF
$1,051.27
Cap Rate
5.50%
NOI
$122,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.07 AC
Zoning
NB - Commercial district zoned
Frontage
95’ on Jonesboro Rd
AMENITIES
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-0143C-00B-005 | Improvements Assessment | $492,840 |
| Land Assessment | $55,920 | Total Assessment | $548,760 |
PROPERTY TAXES
Parcel Number
12-0143C-00B-005
Land Assessment
$55,920
Improvements Assessment
$492,840
Total Assessment
$548,760
CONTACTS
-
Ryan Sblendorio -
Kyle Karsian -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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Wendy's | 6241 Jonesboro Hwy
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