1215 Ga-85 Fayetteville, GA 30214
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 1215 Ga-85
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 20-year absolute triple-net lease for a Freddy's Frozen Custard & Steakburgers restaurant in Fayetteville, Georgia, within the Atlanta MSA. The property boasts a 50,092 square foot lot and enjoys 100% occupancy with a strong, established tenant. The lease features a substantial 20-year term with built-in rent bumps of 10% every five years, ensuring consistent income growth. The property generates a Net Operating Income (NOI) of $200,000, resulting in a 5.70% cap rate. This location is strategically positioned in a high-growth, affluent area, surrounded by major retailers including Walmart, Publix, Target, Home Depot, Lowe's, and Kroger, within a dense retail corridor. The surrounding area is characterized by high average household incomes (nearly $100,000 annually) and projected annual population growth of approximately 1.1% within a one-mile radius over the next five years. The lease is guaranteed by JRI Hospitality, the largest Freddy's franchise operator, with over 80 existing locations across 15 states and plans for further expansion. This presents a compelling opportunity for long-term, passive income generation in a prime retail location within a thriving Atlanta suburb with approximately 1,280,000 residents within a 20-mile radius. The asking price is $3,510,000. Lease options are available in 4-5 year increments.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Fayette
- State
- Georgia
- Longitude
- -84.441
- Latitude
- 33.4737
