133 Bankhead Hwy, Carrollton, GA 30117

Property Details for 133 Bankhead Hwy

Year built

2022

Lot size

0.77 lot acres

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 2,524 square foot Wendy's ground lease in Carrollton, Georgia. Located at 133 Bankhead Hwy, 30117, this absolute NNN net lease boasts a 13-year remaining term (expiring 10/31/2037) with built-in 10% rent increases every five years. The property, constructed in 2022, sits on a 0.77-acre lot and enjoys a high-traffic location with over 35,000 vehicles passing daily. The site benefits from proximity to a Regal movie theater, hotels, and numerous other national and local businesses, including Chick-fil-A, McDonald's, and Wells Fargo. The strong demographics of the area, with 45,568 residents within a five-mile radius and an average household income of $76,073, further enhance the investment potential. The property's strategic location near major transportation arteries, including State Route 166/Bankhead Highway and Northside Drive, ensures excellent visibility and accessibility. The current NOI is $95,000, resulting in a 5.50% cap rate, and the asking price is $1,728,000. This offering is ideal for a 1031 exchange. The experienced franchisee operating this location has a proven track record with over 40 units and 50 years of experience with the Wendy's brand. The property's location near Tanner Medical Center, the University of West Georgia, and West Georgia Technical College provides a consistent flow of customers. The thriving business climate of Georgia, consistently ranked among the top states for business, adds to the long-term value of this investment.

Location Insight

City

Carrollton

County

Carroll

State

Georgia

Longitude

-85.0649

Latitude

33.5804