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Property profile

6021 Hickory Flat Hwy Canton, GA 30115

OFF-MARKET
Retail properties & Spaces
1,900 SF 1.68 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 1,900 square foot Popeyes restaurant situated on a 1.68-acre lot in Hickory Flat, Georgia. Built in 2024, this property boasts a 15-year absolute NNN lease with 10% rent bumps every five years, providing a strong hedge against inflation. The property's strategic location on Hickory Flat Highway, near a major intersection and surrounded by national retailers like Publix, Home Depot, and Walmart, ensures high visibility and consistent traffic. The site benefits from its proximity to The Outlet Shoppes at Atlanta, attracting significant foot traffic. The thriving community of Canton, part of the Atlanta MSA, boasts an average household income of $173,953 and a projected population growth to 72,947 by 2029. The Popeyes location features a dual-lane drive-thru, capturing 80% of its business, and benefits from the brand's expansion plans and strong performance. With a current NOI of $142,505 and an asking price of $2,591,000, this property offers a compelling 5.50% cap rate. The property is ideally suited for a 1031 exchange. Easy access to Interstate 575 further enhances its appeal. This is a turnkey investment with significant long-term growth potential.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 1,900 SF
Lot 1.68 ac (73,181 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6021 Hickory Flat Hwy Canton, GA 30115
Canton metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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