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6343 Joe Frank Harris Pky NW 1,300 SF Retail Building Adairsville, GA 30103 $2,126,000 ($1,635.38/SF) 6.35% Cap Rate



Investment Highlights
- New 22-year absolute NNN lease featuring zero landlord responsibilities and guaranteed rent escalations every five years.
- Positioned within a high-visibility intersection boasting 29,900 combined VPD and direct connectivity to Interstate 75.
- Located in a retail corridor with national brands including McDonald’s, Family Dollar, Advance Auto Parts, and AutoZone.
- Established drive-thru location supported by over nine years of operating history and a growing franchisee with 20+ restaurants.
- Strong surrounding employment base with major industrial employers and a population of 141,200 within 15 miles.
- 63,618 residents in primary trade area, strong daytime population of 63,480
Executive Summary
This Bojangles’ property in Adairsville, GA offers a stable, long-term investment opportunity secured by a new 22-year absolute NNN lease with zero landlord responsibilities. The tenant is Cedartown Chicken, LLC, a rapidly expanding franchisee operating 23 Bojangles’ locations. Rental income features strong predictability through contractual increases of 7.5% every five years along with four additional five-year renewal options, providing income growth and security for decades.
Positioned along Joe Frank Harris Parkway NW, the property benefits from excellent frontage and visibility at a signalized intersection with high daily traffic counts exceeding 29,900 VPD and strategic proximity to Interstate 75, which experiences 84,500 VPD. The asset sits within a dynamic trade area featuring 63,618 residents within 10 miles and a robust daytime population of 63,480, driven by nearby industrial employers such as Shaw Industries, Mohawk Industries, and Duluth Trading Company employing thousands.
The surrounding commercial corridor is anchored by national brands like McDonald’s, AutoZone, Dollar General, Advance Auto Parts, and Waffle House, ensuring long-term location stability. Additionally, Bojangles’ operates under a highly recognizable regional brand with over 880 locations nationwide, capitalizing on the fastest-growing segment of U.S. quick-service dining: chicken. With strong fundamentals, exceptional access, and an operator-backed lease structure, this property is an attractive option for investors seeking reliable cash flow and minimal management obligations.
Positioned along Joe Frank Harris Parkway NW, the property benefits from excellent frontage and visibility at a signalized intersection with high daily traffic counts exceeding 29,900 VPD and strategic proximity to Interstate 75, which experiences 84,500 VPD. The asset sits within a dynamic trade area featuring 63,618 residents within 10 miles and a robust daytime population of 63,480, driven by nearby industrial employers such as Shaw Industries, Mohawk Industries, and Duluth Trading Company employing thousands.
The surrounding commercial corridor is anchored by national brands like McDonald’s, AutoZone, Dollar General, Advance Auto Parts, and Waffle House, ensuring long-term location stability. Additionally, Bojangles’ operates under a highly recognizable regional brand with over 880 locations nationwide, capitalizing on the fastest-growing segment of U.S. quick-service dining: chicken. With strong fundamentals, exceptional access, and an operator-backed lease structure, this property is an attractive option for investors seeking reliable cash flow and minimal management obligations.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,300 SF
Building Class
C
Year Built
2017
Price
$2,126,000
Price Per SF
$1,635.38
Cap Rate
6.35%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.30 AC
Zoning
IN
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | A002-0007-020 | Improvements Assessment | $137,191 |
| Land Assessment | $100,000 | Total Assessment | $237,191 |
Property Taxes
Parcel Number
A002-0007-020
Land Assessment
$100,000
Improvements Assessment
$137,191
Total Assessment
$237,191
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6343 Joe Frank Harris Pky NW

