Property summary
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
VerifiedCap rate & NOI
Current use
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Auto Parts Store
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Courier Service Postal Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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