Technical
Financial
Distress signals
Property profile

4071 Covington Hwy Decatur, GA 30032

OFF-MARKET
Turn key restaurants
Property ID
US22-4626145
2,926 SF 0.9 ac lot Built 1992
Entity Owned 19-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity features a 2,926 square foot Wendy's restaurant located at 4071 Covington Hwy, Decatur, GA 30032, in DeKalb County. The property sits on a 0.9-acre lot and boasts a fee-simple ownership structure. Built in 1992 and renovated in 2024, this property is under a 20-year triple-net (NNN) lease with a corporate guarantee from Meritage Hospitality Group, a significant Wendy's franchisee with over 388 units. The current annual net operating income (NOI) is $168,000, representing a 5.15% cap rate on the $3,262,136 asking price. The lease includes annual rent increases, with the lesser of a 1.50% increase or the change in the Consumer Price Index (CPI). This is a low-management, high-return investment with significant long-term potential. The property's strong tenant, long lease term, and built-in rent escalations make it an attractive addition to any portfolio. The location in Decatur, Georgia offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, high-performing Wendy's franchise.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1992
Construction WOOD FRAME
Total area 2,926 SF
Lot 0.9 ac (39,204 SF)
Zoning code C1
APN 15 197 18 001
UPID US22-4626145

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

4071 Covington Hwy Decatur, GA 30032-2604
Decatur metro Census 23108 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.12M
Blend (final) Blend
$395k

Owner & transaction history

since 2007
Last sale
$1.8M
3 recorded transactions
2007
$2.3M
2005
Price N/A
1969
Price N/A

Zoning & alternative use

C1 · Decatur, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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