1635 Grayson Hwy Grayson, GA 30017

Property Details for 1635 Grayson Hwy

Year built

2023

Lot size

0.96 lot acres

Property size

2,200 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a newly constructed (2023) Guthrie's Chicken restaurant located at 1635 Grayson Hwy, Grayson, GA 30017, within the Atlanta MSA. The property boasts a 2,200 square foot building on a 0.96-acre lot, featuring a drive-thru and the brand's newest efficient prototype. The property benefits from exceptional visibility on a highly trafficked road with 46,400 vehicles per day. The tenant, a franchisee with extensive restaurant experience, has signed a 12-year absolute NNN lease commencing December 14, 2023, and expiring November 30, 2035, with 8% rent bumps every five years. The current net operating income (NOI) is $189,520, representing a 6.50% cap rate on the $2,915,600 asking price ($1,325.27 per square foot). The property is situated in a densely populated, affluent area with high household incomes ($130,000+) and significant residential growth (1,000+ units within a 1-mile radius in the last 5 years). The location is further enhanced by its proximity to major retailers, including Kroger, Starbucks, and other national chains, as well as two large schools (Sterling Elementary and Couch Middle). Guthrie's Chicken is a rapidly expanding brand, planning to add 30 locations annually, making this a secure and promising investment. The 100% occupancy and strong tenant history contribute to the overall attractiveness of this offering. This is a rare opportunity to acquire a high-performing, newly built QSR property in a prime location within a thriving Atlanta suburb.