Current Use by Public Records
- Retail properties & Spaces
Property Details for 4997 Lanier Islands Pkwy
- Year built
- 2024
- Lot size
- 1.45 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a newly constructed, 3,318 square foot Whataburger restaurant situated on a 1.45-acre lot at 4997 Lanier Islands Pkwy, Buford, GA 30518. The property boasts a 15-year net lease with a corporate guarantee from Whataburger, commencing September 1, 2024, and expiring September 1, 2039. The lease includes significant rent bumps: a 16.79% increase in year six, a 7.81% increase in year eleven, and 8% increases every five years thereafter, across three 5-year options. The property's strong location at the entrance to a 1.1 million square foot Amazon logistics center, within a high-density industrial area, ensures consistent high traffic. Its proximity to a high-performing Publix-anchored shopping center and Interstate 985 (73,200 vehicles per day) further enhances its visibility and accessibility. Buford, a rapidly growing affluent suburb of Atlanta, offers a robust market with a 5-mile population of 95,068 and an average household income of $112,524. The property's Net Operating Income (NOI) is $137,000, resulting in a 5.00% capitalization rate and an asking price of $2,740,000. Whataburger's strong brand recognition and high average sales per store ($3.46 million) solidify this investment's potential for substantial returns. The property is an absolute NNN lease, meaning the tenant is responsible for all taxes, insurance, common area maintenance, roof, and building structure.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buford
- County
- Hall
- State
- Georgia
- Longitude
- -83.9588
- Latitude
- 34.1456
