109 Habersham Hills Cir Cornelia, GA 30531

Property Details for 109 Habersham Hills Cir

Year built

2023

Lot size

1.45 lot acres

Property size

931 SF

Property type

Retail properties

Description

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.

Location Insight

City

Cornelia

County

Habersham

State

Georgia

Longitude

-83.5435

Latitude

34.5435