Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6510 Tara Blvd Jonesboro, GA 30236

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-yield, NNN leased restaurant.

    Property size:
    3,933 SF

    Property Features for 6510 Tara Blvd

    General Information

    Property type
    Retail properties & Spaces
    Square Feet
    3,933 SF
    Class
    A
    Lot Size
    36,155 SF

    Building Details

    Year Built/Renovated
    1978/2024
    Buildings
    1
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Elliott Kyle
    Elliott Kyle

    Listing Agency: Skyline Seven Real Estate Listing Agent: Elliott Kyle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a newly renovated, 3,933 square foot Tim Hortons restaurant in Jonesboro, Georgia. Located at 6510 Tara Blvd, this Class A property boasts a strong 15-year absolute NNN lease with a reputable franchisee operating multiple successful QSR locations. The lease includes 7.5% rent bumps every five years and two five-year renewal options, ensuring consistent income growth. The property sits on a 0.83-acre lot in a high-traffic area with over 35,000 cars passing daily. The building, constructed in 1978 and extensively renovated in 2024, benefits from a prime location near Clayton State University and Southern Regional Medical Center, serving a population exceeding 200,000 within a five-mile radius. The property's strong demographics, coupled with the tenant's proven track record and the rapid growth of the Tim Hortons brand, make this a compelling investment opportunity with a 6.50% cap rate and a current NOI of $144,000. The asking price is $2,215,000, representing a price per square foot of $563.18. The property is zoned GB and features one single-story building. This sale-leaseback transaction offers a secure, passive income stream with significant long-term potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.372164996028
    Latitude
    33.576682459716

    Nearby Similar for Sale

    • $899,000
      7,671 SF

      Versatile Commercial Property in Jonesboro

      Fully-equipped commercial property with multiple stages, recording studio, and security.
      7716 N Main St, Jonesboro, GA 30236
      View Details
    • $269,000
      2,171 SF

      Jonesboro Office Building on Main

      Stand-alone office building with high visibility on Main Street.
      173 N Main St, Jonesboro, GA 30236
      View Details
    • New
      $284,000
      1,764 SF

      Jonesboro Commercial Property For Sale

      Two-story commercial building in a busy mixed-use district.
      23 Lee St, Jonesboro, GA 30236
      View Details
    • $1,999,000
      9,385 SF

      Historic Jonesboro Landmark For Sale

      Prominent building in Downtown Jonesboro's Historic District.
      139 N Main St, Jonesboro, GA 30236
      View Details
    • $200,000
      1,134 SF

      Commercial Property on Jonesboro Road

      Commercial property suitable for various businesses on Highway 54.
      268 Jonesboro Rd, Jonesboro, GA 30236
      View Details
    • $2,800,000
      5,484 SF

      Versatile Mixed-Use Commercial Property

      Mixed-use property with event venue, pool, and highway frontage.
      2809 Highway 138, Jonesboro, GA 30236
      View Details
    • $200,000
      1,134 SF

      Commercial Property on Highway 54

      Commercial property suitable for various businesses on Highway 54.
      268 Jonesboro Rd, Jonesboro, GA 30236
      View Details
    • $4,732,500
      31,106 SF

      Jonesboro Commercial Portfolio For Sale

      Three-building commercial portfolio on 2.96 acres in Jonesboro, GA.
      213 Arrowhead Blvd, Jonesboro, GA 30236
      View Details
    • $400,000
      0.62 Acres

      Upgraded Duplex Near Airport

      Renovated duplex on large lot, convenient location.
      616 Fayetteville Rd, Jonesboro, GA 30236
      View Details
    • $125,000
      1,800 SF

      Commercial Lot with Potential Office

      Commercial lot with older house suitable for office or residence.
      7791 Dixie Ave, Jonesboro, GA 30236
      View Details
    • $265,000

      Jonesboro Duplex: Investment Opportunity

      Well-maintained duplex in Jonesboro with long-term tenants and recent updates.
      8110 Magnolia Dr, Jonesboro, GA 30238
      View Details
    • $265,000

      Jonesboro Duplex: Investment Opportunity

      Well-maintained duplex in Jonesboro with long-term tenants and recent updates.
      8102 Magnolia Dr, Jonesboro, GA 30238
      View Details

    FAQs

    What type of property is this?
    Retail property - High-yield, NNN leased restaurant.
    Where is this retail property located?
    The property is located at 6510 Tara Blvd Jonesboro, GA.
    What is the asking price?
    The asking price for this property is $2,215,000.
    What are key features of this property?
    This property features: New construction, Q3 2024 delivery.; 15-year absolute NNN lease, 7.5% rent increases every 5 years, two 5-year options.; Sale-leaseback opportunity; tenant operates Popeyes, Tim Hortons, Checkers, and Moe's.
    (404) 812-8927 Call to check price and availability
    Request Owner's contact information
    6510 Tara Blvd Jonesboro, GA 30236
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6510 Tara Blvd
    Jonesboro, GA 30236
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6510 Tara Blvd Jonesboro, GA 30236
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Elliott Kyle
    Elliott Kyle
    Real Estate License ID: 299687
    (404) 812-8927 (678) 916-4149
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!