603 M.l.k. Jr Dr Cartersville, GA 30121
This exceptional investment opportunity presents a fee-simple ownership of a freestanding Popeyes restaurant in Cartersville, Georgia, within the Atlanta MSA. Built in 2019, the 2,695 square foot building sits on a 1.2-acre lot and is currently operating under a long-term, absolute NNN lease with the Popeyes brand. The lease, expiring July 31, 2034, provides a remaining term of 10 years, with four 5-year renewal options. Crucially, the lease includes a 10% rent increase every five years throughout both the primary term and option periods, ensuring consistent income growth. The property boasts a strong Net Operating Income (NOI) of $163,758, resulting in a compelling 6.60% cap rate. Located at a busy signalized intersection and hard corner on a major thoroughfare, the property benefits from exceptional visibility and accessibility, with traffic counts exceeding 41,000 vehicles daily. The surrounding area features a dense concentration of national retailers, including Target, Walmart, McDonald's, and many others, indicating a thriving retail environment. Cartersville's projected 5% population growth over the next five years further strengthens the long-term investment potential. This is a rare opportunity to acquire a low-maintenance, high-return investment with minimal landlord responsibilities in a rapidly growing market. The property's Class A designation and 100% occupancy underscore its quality and stability.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.