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Property profile & analytics
OFF-MARKET
Drive through restaurants

2 Thigpen Ave Lakeland, GA 31635-1007

2,800 SF 0.77 ac lot Built 2012
Individually Owned 14-yr Hold Free & Clear
Property ID
US22-3694313
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2012
Construction WOOD
Total area 2,800 SF
Lot 0.77 ac (33,541 SF)
Zoning code 2
APN L03 0040
UPID US22-3694313
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • McDonald's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Joseph J Fabbri · 14 yrs held
Joseph J Fabbri
since 2012
1 recorded transaction
2012
$1.3M
Zoning & alternative use
2 · Lakeland, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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