1456 Newnan Xing E Blvd Newnan, GA 30265-1650
Property profile & analytics
1456 Newnan Xing E Blvd, Newnan, GA 30265-1650
- Drive through restaurants
- 3,098 SF
- 1.29 lot acres
Property ID
US22-0011625
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Freddy's Frozen Custard & Steakburgers / Restaurant / Take-out & Catering
Property Details for 1456 Newnan Xing E Blvd
- Year built
- 2021
- Lot size
- 1.29 lot acres
- Zone code
- ND
- Property type
- Drive through restaurants
- APN
- 086 5021 010
- APU
- 865021010
Description
This exceptional investment opportunity presents a 20-year absolute triple-net (NNN) lease for a Freddy's Frozen Custard & Steakburgers restaurant in Newnan, Georgia. Located within the Atlanta MSA, this property sits on a 1.01-acre lot in the $150 million Newnan Village Crossing development, a 125-acre multi-use project along I-85. The 2022-built, 100% occupied restaurant benefits from a strong tenant, JRI Hospitality, the largest Freddy's franchisee with over 80 locations. The lease includes 10% rent increases every five years, providing consistent growth potential. The property enjoys a prime location on a hard corner adjacent to a Kroger-anchored center, Summerlin Corners, and is surrounded by other major retailers including Publix, CVS, Walmart, Lowe's, and Home Depot. This high-traffic area boasts affluent demographics, with average household incomes nearing $100,000 and projected annual population growth of approximately 2.7% within a one-mile radius over the next five years. The asking price is $2,985,000, representing a 5.70% cap rate and a net operating income (NOI) of $170,000. The lease has a remaining term of 20 years with renewal options available in 4-5 year increments. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $460,000
- ML approach
- $505,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $452,000
Market price range: $184k - $515k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $735,000 Current use
- MEDICAL BUILDING
- $655,000 Change: -10% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $630,000 Change: -14% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newnan
- County
- Coweta
- State
- Georgia
- Longitude
- -84.7548
- Latitude
- 33.3781
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,124
$232,635
$297,946
$530,581
-
$581,587
$744,864
$1,326,451
