2 Thigpen Ave Lakeland, GA 31635-1007

Property Details for 2 Thigpen Ave

Year built

2012

Construction

WOOD

Lot size

0.77 lot acres

Property size

2,800 SF

Zone code

2

Property type

Drive through restaurants

APN

L03 0040

APU

L030040

Description

This exceptional investment opportunity presents a fee-simple, single-tenant, Class A McDonald's restaurant located at 2 W Thigpen Ave, Lakeland, GA 31635. The property boasts 2,821 square feet on a 0.77-acre lot, built in 2012 and renovated in 2020. The 15-year lease, commencing April 30, 2012, and expiring April 29, 2027, has approximately 2.4 years remaining. The lease features a corporate guarantee from McDonald's (NYSE: MCD), providing significant investor security. The current annual net operating income (NOI) is $79,315, resulting in a 4.75% cap rate and a price per square foot of $591.91. The asking price is $1,669,789. The property benefits from a prime location on a busy retail corridor, with high daily traffic volume, and proximity to schools and a hospital. The lease includes 8% rent bumps every five years, offering inflation protection. There are 22 parking spaces available. The property is surrounded by other national retailers, including AutoZone, NAPA Auto Parts, Piggly Wiggly, Dollar General, Huddle House, Exxon, Marathon Gas, and Subway. This is a rare opportunity to acquire a well-performing McDonald's in a strong market with limited competition. The lease includes seven, five-year options. The property is a double net lease with landlord responsibilities limited to roof and structure.

Location Insight

City

Lakeland

County

Lanier

State

Georgia

Longitude

-83.0771

Latitude

31.0413

CBSA code

46660

CBSA name

VALDOSTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments