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    4788 Jonesboro Rd Union City, GA 30291

    For Sale
    $2,400,000

    High-ROI Checkers Restaurant Investment

    Property size:
    800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a newly renovated (2024) Checkers and Rally's restaurant in Union City, Georgia. The property boasts a prime location on Jonesboro Road (GA 138), a high-traffic area with over 33,000 cars daily, offering excellent visibility and accessibility. The 800-square-foot building sits on a 0.75-acre lot and includes one gas pump. The property features a 15-year absolute NNN lease with a strong franchisee operator (also operating Popeyes, Tim Hortons, and Moe's) with 7.5% rent increases every five years and two 5-year options. The sale-leaseback structure provides a secure, passive income stream. The property's strong performance is reflected in its 100% occupancy and a substantial net operating income (NOI) of $144,000, resulting in a 6.00% cap rate. The asking price is $2,400,000 ($3,000/sq ft). Union City's strategic location, just 15 minutes south of Downtown Atlanta and near Hartsfield-Jackson International Airport, benefits from significant growth and development, including major corporations and new residential construction. The property is zoned C2 and has one story. This is a rare opportunity to acquire a high-performing, established restaurant with a long-term lease in a rapidly growing market. The strong tenant, high traffic counts, and favorable lease terms make this an attractive investment for discerning buyers. The building was originally constructed in 1985.

    Property Features for 4788 Jonesboro Rd

    General Information

    Property type
    Restaurants
    Square Feet
    800 SF
    Class
    B
    Lot Size
    32,670 SF

    Building Details

    Year Built/Renovated
    1985/2024
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Brand new construction, 2024 completion.
    • 15‑year absolute NNN lease with 7.5% rent increases every 5 years, plus two 5‑year options.
    • Strong initial sales performance.
    • Sale‑leaseback; tenant operates Popeyes, Tim Hortons, Checkers, and Moe's.
    • High visibility and accessibility; prime I‑85 location on major retail thoroughfare.
    • High traffic count: 33,000+ vehicles daily on Jonesboro Road (GA 138).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AT&T U-verse Telecommunications Contractor NID-GEORGIA Association / Organization Checkers Fast Food Restaurant Checkers Drive In Fast Food Restaurant Buckhead Parking Enforcement ... Corporate Office

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage 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
    Union City
    County
    Fulton
    State
    Georgia
    Longitude
    -84.5447376
    Latitude
    33.5699791

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    FAQs

    What type of property is this?
    Restaurant - High-ROI Checkers Restaurant Investment
    Where is this restaurant located?
    The property is located at 4788 Jonesboro Rd Union City, GA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Brand new construction, 2024 completion.; 15-year absolute NNN lease with 7.5% rent increases every 5 years, plus two 5-year options.; Strong initial sales performance.
    Request Owner's contact information
    4788 Jonesboro Rd Union City, GA 30291
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    Union City, GA 30291
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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
    4788 Jonesboro Rd Union City, GA 30291
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