10800 Haynes Bridge Rd Alpharetta, GA 30022

Property Details for 10800 Haynes Bridge Rd

Year built

2022

Construction

WOOD

Lot size

0.52 lot acres

Property size

9,380 SF

Zone code

OI

Property type

Turn key restaurants

APN

12 273007550450

APU

12273007550450

Description

This exceptional investment opportunity presents a fee-simple interest in a brand-new, 8,100-square-foot Lazy Dog Restaurant in Alpharetta, Georgia. Located at 10800 Haynes Bridge Rd, this Class A property boasts a 20-year absolute NNN ground lease (commencing September 1, 2023, and expiring August 31, 2043), offering 18.8 years of remaining term. The lease includes a corporate guarantee from Lazy Dog, a thriving national restaurant chain with 51 existing locations and 6 under construction, generating nearly $400 million in revenue in 2023. The property sits on a 0.52-acre lot within a newly developed shopping center adjacent to North Point Mall, a major retail destination attracting over 4 million shoppers annually. Nearby retailers include Target, Macy's, Dick's Sporting Goods, Hobby Lobby, and AMC. The property benefits from significant future development plans for the mall, including the addition of 900 residential units, new retail and restaurant space, offices, and an outdoor theatre. Alpharetta, a highly affluent community with average household incomes exceeding $175,000, is experiencing robust growth, with a 40%+ population increase within a 1-mile radius since 2010. The lease features 10% rent bumps every five years and four five-year renewal options. The current NOI is $455,000, resulting in a 6.50% cap rate. This presents a rare chance to acquire a high-performing, low-maintenance asset in a prime Sunbelt location with substantial long-term growth potential. The property is 100% occupied since its opening on September 1, 2023.