Property profile

109 Habersham Hills Cir Cornelia, GA 30531

OFF-MARKET
Retail properties & Spaces
931 SF 1.45 ac lot Built 2023
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 2023-constructed Sonic Drive-In restaurant located at 109 Habersham Hills Cir, Cornelia, GA 30531. The property boasts a 931 square foot building situated on a 1.45-acre lot, offering 25 parking spaces. This absolute NNN ground lease with a corporate guarantee from SRI Operating Company provides zero landlord responsibilities. The lease features a substantial 18.7-year remaining term (expiring 07/30/2043) with 10% rent bumps every five years. The property enjoys high visibility at a signalized intersection of US 441 & Cannon Bridge Rd (35,000 vehicles per day). It's an outparcel to a thriving shopping center anchored by Tractor Supply and Ross. The strong location benefits from significant population growth (26.18% from 2010-2023) and proximity to major employers including Fieldale Farms, Ethicon, Northeast Georgia Medical Center, and Piedmont University. The asking price is $2,429,000, representing a 5.25% cap rate and a price per square foot of $2,609.02. The property's NOI is $127,500, and it currently has 100% occupancy. Lease options of 4 or 5 years are available. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a rapidly growing market. The property is zoned commercial and benefits from its location within a primary retail corridor with over 1.1 million square feet of retail space within a two-mile radius and close proximity to numerous national retailers.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2023
Total area 931 SF
Lot 1.45 ac (63,162 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Parts Store
  • Courier Service Postal Service

Location

109 Habersham Hills Cir Cornelia, GA 30531
Cornelia metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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