13640 Jones St Lavonia, GA 30553-1149
- Commercial real estate
- 5,864 SF
Current Use by Public Records
- LongHorn Steakhouse / Steak House / Bar & Grill
Property Details for 13640 Jones St
- Year built
- 2020
- Property size
- 5,864 SF
- Property type
- Commercial real estate
- APN
- 063-145-CLH
- APU
- 063145CLH
Description
This exceptional investment opportunity presents the fee simple ownership of a brand-new, single-tenant Arby's restaurant in Lavonia, Georgia. The property, situated on approximately one acre, boasts a prime location on Jones Street, a high-traffic thoroughfare with 12,759 vehicles per day, and convenient access to I-85 (43,154 VPD). Built in 2024, this 1-story, 1-unit building features a drive-thru, catering to the demands of a busy retail corridor. The property benefits from a strong demographic profile, serving an affluent population of 31,187 residents within a 10-mile radius, boasting an average household income of $82,754 annually. The investment is secured by a 15-year absolute NNN lease, commencing January 1, 2025, and expiring December 31, 2039, with a full 15.1 years remaining. This lease structure ensures passive ownership, with the tenant responsible for all operating expenses and maintenance. The lease includes a built-in rent increase of 10% every five years, providing consistent rental growth throughout the initial term and five, five-year renewal options. The asking price is $2,100,000, representing a 5.25% cap rate. This is a rare opportunity to acquire a high-performing, low-maintenance, long-term investment in a thriving retail market. The property's location, strong tenant, and favorable lease terms make it an ideal addition to any investment portfolio.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $375,000
- 7%
- $430,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $455,000
- Geo Method
- $430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $435,000
- Retail
- $380,000
- Mixed-Use
- $360,000
- Hospitality
- $465,000
- Educational
- $430,000
- Residential Income
- $450,000
- Energy
- $440,000
- Income-Based Land
- $385,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- Lavonia
- County
- Franklin
- State
- Georgia
- Longitude
- -83.1177
- Latitude
- 34.4456