36 Merchants Ave Blairsville, GA 30512
- Retail properties
- 1,246 SF
- 1.15 lot acres
Current Use by Public Records
- Retail properties
Property Details for 36 Merchants Ave
- Year built
- 2024
- Lot size
- 1.15 lot acres
- Property size
- 1,246 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, fee-simple Sonic Drive-In restaurant located at 36 Merchants Ave, Blairsville, GA 30512. Built in 2024, this 1,246 square foot QSR boasts a strong 100% occupancy rate under a 20-year Absolute NNN lease with a corporate guarantee from Sonic. The lease includes four 5-year renewal options, with 10% rental increases every five years, ensuring consistent income growth. The property sits on a 1.15-acre lot with ample parking (18 spaces) and benefits from excellent visibility and access along Young Harris Highway (20,100 vehicles per day). The property's Net Operating Income (NOI) is $125,000, resulting in a 5.25% cap rate. The asking price is $2,381,000 ($1,910.91 per square foot). This prime location in a dense retail corridor is further enhanced by its proximity to Union General Hospital and nearby schools, serving a strong demographic area with six-figure incomes. The property is zoned for General Commercial use and features a robust tenant with a proven track record. This is a rare opportunity to acquire a high-performing, low-maintenance investment with significant long-term potential. The APN is 085 105 B.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Blairsville
- County
- Union
- State
- Georgia
- Longitude
- -83.9479
- Latitude
- 34.8822
