3506 Memorial Dr Decatur, GA 30032-2710
- Turn key restaurants
- 2,610 SF
- 0.87 lot acres
Jan 15, 2021
Current Use by Public Records
- Popeyes Louisiana Kitchen / Cajun Restaurant / Fast Food Restaurant
Property Details for 3506 Memorial Dr
- Year built
- 1985
- Construction
- WOOD FRAME
- Lot size
- 0.87 lot acres
- Property size
- 2,610 SF
- Zone code
- X
- Property type
- Turn key restaurants
- APN
- 15 200 01 002
- APU
- 1520001002
Description
This exceptional investment opportunity presents a fee-simple owned Popeyes restaurant located at 3506 Memorial Dr, Decatur, GA 30032. The property boasts a 2,610 square foot building on a 0.87-acre lot with 40 parking spaces. Built in 1985 and renovated in 2021, this single-tenant property benefits from a corporate-guaranteed Absolute NNN lease with 17.1 years remaining until December 31, 2041, with four 5-year renewal options. The lease commenced January 1, 1993, and includes 2% annual rent increases. The property enjoys a prime location off I-20, at a hard corner intersection in Belvedere Plaza, a top-performing location according to Placer.ai data. The strong demographics within a 5-mile radius of Downtown Atlanta contribute to the property's consistent performance. The current Net Operating Income (NOI) is $127,345, resulting in a 5.25% capitalization rate. The asking price is $2,426,000. The property is zoned commercial and features a single building with 100% occupancy. Parcel number is 15 200 01 002. This is a truly passive investment opportunity with zero landlord responsibilities.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,210,000
- ML approach
- $1,190,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.2697
- Latitude
- 33.7541
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
