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    OFF-MARKET
    Retail properties & Spaces

    109 Habersham Hills Cir, Cornelia, GA 30531

    931 SF 1.45 ac lot Built 2023
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Advance Auto Parts Auto Parts Store
    • UPS Access Point location Courier Service Postal Service
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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