1456 Newnan Xing E Blvd Newnan, GA 30265-1650
- Drive through restaurants
- 3,098 SF
- 1.29 lot acres
Current Use by Public Records
- Freddy's Frozen Custard & Steakburgers / Fast Food Restaurant
Property Details for 1456 Newnan Xing E Blvd
- Year built
- 2021
- Lot size
- 1.29 lot acres
- Property size
- 3,098 SF
- 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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $460,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $655,000
- 6.5%
- $545,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $605,000
- Geo Method
- $615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $570,000
- Retail
- $630,000
- Mixed-Use
- $645,000
- Hospitality
- $660,000
- Educational
- $645,000
- Residential Income
- $645,000
- Energy
- $630,000
- Income-Based Land
- $675,000
- Food Service
- $665,000
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
