Popeyes- Fairburn - 15 YR Lease 8350 Senoia Rd 2,200 SF Retail Building Fairburn, GA 30213 $3,026,000 ($1,375.45/SF) 5.75% Cap Rate

INVESTMENT HIGHLIGHTS

  • New construction to be completed and open in Q3 of 2023
  • Sale leaseback with a strong franchisee- Operates Popeye's, Tim Hortons, Checkers, & Moe's
  • 74,232 people living within a 5 mile radius with an excellent average household income in a 1 mile radius of $96,328
  • 15 year absolute NNN lease - 10% increases every 5 years with 2 x5year options
  • Well located off I-85 in Fairburn with an ideal location on the main retail artery of one of the most affluent areas in Fairburn.

EXECUTIVE SUMMARY

This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Popeyes, located in Fairburn, Georgia. The property will finish development and open for business in Q3 of 2023, and with have a 15 year NNN lease with Popeyes, 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. Popeyes is one of the fastest growing QSR brands in the world, and this is an ideal location for the restaurant.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,200 SF
Building Class
C
Year Built
2023
Price
$3,026,000
Price Per SF
$1,375.45
Cap Rate
5.75%
NOI
$174,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Zoning
C
Parking
35 Spaces (15.91 Spaces per 1,000 SF Leased)
Frontage
341’ on Senoia Road

NEARBY MAJOR RETAILERS

Ameris Bank
Golden Krust
IHOP
Krystal's
Cracker Barrel Old Country Store
Shane's Rib Shack
Tim Hortons
Starbucks

PROPERTY TAXES

  • Listing ID: 32405687

  • Date on Market: 9/13/2023

  • Last Updated:

  • Address: 8350 Senoia Rd, Fairburn, GA 30213