3150 Turner Hl Rd Lithonia, GA 30038-2530
- Turn key restaurants
- 4,597 SF
- 2.02 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 3150 Turner Hl Rd
- Year built
- 2017
- Lot size
- 2.02 lot acres
- Property size
- 4,597 SF
- Zone code
- X
- Property type
- Turn key restaurants
- APN
- 16 182 01 013
- APU
- 1618201013
Description
This exceptional investment opportunity presents a 3,962-square-foot Bojangles restaurant situated on a 2.02-acre lot at 3150 Turner Hill Road, Lithonia, Georgia 30038. The property boasts a strong 13-year remaining lease term (expiring November 30, 2037), with a favorable 10% rent increase every five years, providing a hedge against inflation. The absolute triple-net (NNN) lease structure ensures zero landlord responsibilities. The property's Net Operating Income (NOI) is $224,400, resulting in a 7.00% cap rate, and the asking price is $3,205,714 ($809.12 per square foot). Built in 2017, this single-tenant property enjoys 100% occupancy with a franchisee tenant. Its strategic location is adjacent to a Walmart Supercenter and within 0.5 miles of the 1,162,000-square-foot Stonecrest Mall, featuring over 120 stores, ensuring high visibility and traffic. The property benefits from its proximity to Highway 20, connecting Atlanta, GA to Columbia, SC, and is surrounded by other popular retailers including Chick-fil-A, McDonald's, Taco Bell, Panera Bread, Olive Garden, Zaxby's, Firehouse Subs, and Petco. The lease commenced March 7, 2016, and includes four 5-year renewal options. Lithonia's demographics align perfectly with the Bojangles brand, making this a compelling investment prospect.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,580,000
- 6.5%
- $3,355,000
- 7%
- $3,080,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,810,000
- Geo Method
- $2,905,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,850,000
- Retail
- $3,230,000
- Mixed-Use
- $3,000,000
- Hospitality
- $3,465,000
- Educational
- $3,785,000
- Residential Income
- $3,270,000
- Energy
- $3,630,000
- Income-Based Land
- $2,910,000
- Food Service
- $3,915,000
Location Insight
- Map
- Local Demand
- City
- Lithonia
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.088
- Latitude
- 33.6904
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
