736 Forsyth St Americus, GA 31709

Property Details for 736 Forsyth St

Year built

2022

Construction

STEEL FRAME

Lot size

2.00 lot acres

Property size

4,945 SF

Property type

Drive through restaurants

APN

16 6 5B

APU

1665B

Description

This exceptional investment opportunity presents a fee-simple, 4,526 square foot Chick-fil-A restaurant in Americus, Georgia. Built in 2022, the property boasts a double drive-thru and sits on a 1.869-acre lot with excellent visibility on E Forsyth Street, a major retail corridor with 12,800 AADT. The 15-year absolute NNN lease commenced November 17, 2022, and includes 10% rent bumps every five years, extending to November 30, 2037. The property offers a compelling 4.55% cap rate with a strong NOI of $240,141 and a price per square foot of $1,166.15. The asking price is $5,278,000. Americus, the county seat of Sumter County, benefits from a robust daytime population of 23,807 within a five-mile radius and an average household income of $68,809. Its proximity to Georgia Southwestern State University (approximately 1 mile away) further enhances its appeal. This location enjoys limited competition, being the only Chick-fil-A within a 30+ mile radius, and boasts an impressive 470,000 annual visits according to Placer.Ai. The property offers significant depreciation benefits due to its new construction and the unique fee-simple ownership structure. This is a rare opportunity to acquire a high-performing Chick-fil-A with a long-term lease and significant upside potential. The property's strategic location and strong tenant history make it an attractive addition to any investment portfolio.

Location Insight

City

Americus

County

Sumter

State

Georgia

Longitude

-84.2214

Latitude

32.0739

CBSA code

11140

CBSA name

AMERICUS, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments