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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

603 M.l.k. Jr Dr Cartersville, GA 30121

2,695 SF 1.2 ac lot Built 2019
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2019
Total area 2,695 SF
Lot 1.2 ac (52,272 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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