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    6510 Tara Blvd Jonesboro, GA 30236

    For Sale
    $2,215,000

    High-yield, NNN leased restaurant.

    Property size:
    3,933 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    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 Features for 6510 Tara Blvd

    General Information

    Property type
    Restaurants
    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

    HighLights

    • 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.
    • Strong tenant; Tim Hortons is a rapidly expanding QSR brand.
    • High‑traffic location on Tara Blvd. (35,000+ VPD).
    • Dense population (200,000+ within 5 miles) and high average household income ($55,915 within 1 mile).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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

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    FAQs

    What type of property is this?
    Restaurant - High-yield, NNN leased restaurant.
    Where is this restaurant 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.
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    Realmo Value Estimation

    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.

    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.

    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
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