4071 Covington Hwy Decatur, GA 30032-2604
Property profile & analytics
4071 Covington Hwy Decatur, GA 30032-2604
- Turn key restaurants
- 2,926 SF
- 0.90 lot acres
Property ID
US22-4626145
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Wendy's / Restaurant / Take-out & Catering
Property Details for 4071 Covington Hwy
- Year built
- 1992
- Construction
- WOOD FRAME
- Lot size
- 0.90 lot acres
- Property size
- 2,926 SF
- Zone code
- C1
- Property type
- Turn key restaurants
- APN
- 15 197 18 001
- APU
- 1519718001
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,124,000
Market price range: $538k - $2.12M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.2361
- Latitude
- 33.7545
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$32,079
$388,608
$317,952
$706,560
-
$971,520
$794,880
$1,766,400
