Nwq Poplar Rd & Newnan Xing Byp Newnan, GA 30263
- Retail properties
- 5,312 SF
- 2.24 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Nwq Poplar Rd & Newnan Xing Byp
- Year built
- 2024
- Lot size
- 2.24 lot acres
- Property size
- 5,312 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 5,312 square foot QuikTrip convenience store and gas station situated on a 2.24-acre lot in Newnan, Georgia. Built in 2024, the property boasts a 15-year absolute NNN ground lease with a corporate guarantee from QuikTrip, a leading convenience store chain. The lease features attractive 7% rent bumps every five years and seven, five-year renewal options, ensuring long-term, stable income. The property's strategic location along the I-85 corridor (62,000 vehicles per day) in a high-traffic retail area with over 5.4 million annual visitors places it near Ashley Park (716,000 square feet), a new 225-acre residential community, Piedmont Newnan Hospital (217 beds, 1,000+ employees), and a new Mercedes-Benz service center. With a current NOI of $140,000 and a cap rate of 4.25%, this below-replacement-cost offering presents a compelling investment with significant upside potential. The asking price is $3,300,000, translating to $621.23 per square foot. The lease commenced on May 31, 2024, and expires on May 31, 2039, leaving a remaining term of approximately 14.5 years. This property offers a rare opportunity to acquire a high-performing asset in a rapidly growing market, just 30 minutes from downtown Atlanta. The strong tenant, favorable lease terms, and prime location make this an ideal addition to any investment portfolio.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newnan
- County
- Coweta
- State
- Georgia
- Longitude
- -84.7657
- Latitude
- 33.3608
