3013 Peach Orchard Rd Augusta, GA 30906

Property Details for 3013 Peach Orchard Rd

Year built

1977

Lot size

0.77 lot acres

Property size

2,482 SF

Zone code

B-1

Property type

Commercial land

APN

110-1-070-00-0

APU

1101070000

Description

This exceptional investment opportunity presents a fee-simple ownership of a Wendy's restaurant located at 3013 Peach Orchard Rd, Augusta, GA 30906. The property boasts a 2,117 square foot building constructed in 2021 on a 0.77-acre lot. It features a drive-thru and benefits from a strong absolute NNN lease with a prominent franchisee. The lease commenced November 30, 2023, and has a remaining term of 19 years, with five 5-year options. Rent increases are structured at 7.5% every five years, ensuring consistent income growth. The property currently generates a Net Operating Income (NOI) of $204,000, resulting in a 5.28% capitalization rate. The asking price is $3,861,165, translating to a price per square foot of $1,823.89. The property's location within Augusta, a city with a population exceeding 202,000 and part of a metropolitan area with over 611,000 residents, benefits from high traffic volume and proximity to numerous amenities. These include several colleges and universities, numerous apartment complexes, and major hospitals, contributing to a robust and stable customer base. The Wendy's brand is a globally recognized fast-food chain, providing further assurance of consistent performance and tenant reliability. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential.

Location Insight

City

Augusta

County

Richmond

State

Georgia

Longitude

-82.0247

Latitude

33.4155

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments