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Tim Hortons 6741 Veterans Pky 2,000 SF Retail Building Columbus, GA 31909 $2,250,000 ($1,125/SF) 6% Cap Rate



Investment Highlights
- New construction - lease signed August 2024
- Tim Hortons first location in Georgia
- Strong franchisee- Operates Popeye's, Tim Hortons, Checkers, & Moe's
- 15 year absolute NNN lease - 10% increases every 5 years with 2x5 year options
- Tim Hortons is one of the fastest growing QSR brands in the world with over 5,700 locations in 14 countries
- Well located right off I-185 with an ideal location on the main retail artery of one of the most affluent areas on the north side of Columbus.
Executive Summary
A chance to own the very first Tim Hortons in Georgia. This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Tim Hortons, located in Columbus, Georgia. The property will finish development and open for business in early 2024, have a 15 year NNN lease that includes 10% increases every 5 years, and two 5-year options. The franchisee is based in Atlanta, and currently operates Popeyes, Tim Hortons, Moe's, & Checkers locations. Tim Hortons is one of the fastest growing QSR brands in the world, and this is an ideal location for the restaurant.
Columbus is located approximately 1.5 hours south of Atlanta. The area is home to a number of corporate headquarters, including: Aflac Insurance, Synovus, Carmike Cinemas, and more. Columbus is the 2nd largest city in Georgia, and was recently ranked by Best Life Magazine as #4 on the Top 100 Places to Raise a Family. The area continues to grow with new residential development, as the quality and high paying jobs continue to be added to the city. Located a short drive to the south is Fort Benning, which supports more than 120,000 active-duty military, family members, reserve soldiers, retirees, and civilian employees on a daily basis.
Columbus is located approximately 1.5 hours south of Atlanta. The area is home to a number of corporate headquarters, including: Aflac Insurance, Synovus, Carmike Cinemas, and more. Columbus is the 2nd largest city in Georgia, and was recently ranked by Best Life Magazine as #4 on the Top 100 Places to Raise a Family. The area continues to grow with new residential development, as the quality and high paying jobs continue to be added to the city. Located a short drive to the south is Fort Benning, which supports more than 120,000 active-duty military, family members, reserve soldiers, retirees, and civilian employees on a daily basis.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
2,000 SF
Building Class
B
Year Built
2023
Price
$2,250,000
Price Per SF
$1,125
Cap Rate
6%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.05 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 072-014-002 | Improvements Assessment | $219,208 |
| Land Assessment | $111,340 | Total Assessment | $330,548 |
Property Taxes
Parcel Number
072-014-002
Land Assessment
$111,340
Improvements Assessment
$219,208
Total Assessment
$330,548
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Tim Hortons | 6741 Veterans Pky
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