5259 Stone Mtn Hwy Stone Mountain, GA 30087-6401

Property Details for 5259 Stone Mtn Hwy

Year built

1980

Lot size

0.82 lot acres

Property size

3,552 SF

Zone code

C2-GENERAL BUSINESS

Property type

Drive through restaurants

APN

6-061 -072

APU

6061072

Description

This exceptional investment opportunity presents a fee-simple ownership of a 3,877 square foot Hardee's/Carl's Jr. restaurant located at 5259 Stone Mountain Hwy, Stone Mountain, GA 30087. The property sits on a 0.812-acre corner lot with 49 parking spaces, benefiting from its strategic location at a signalized intersection of major thoroughfares connecting Stone Mountain to the Atlanta MSA. Built in 1980, this single-tenant, absolute NNN leased property boasts a 5.75% cap rate and a strong NOI of $100,194. The current lease, with a franchisee tenant, commenced January 1, 2014, and expires December 31, 2033, leaving a substantial 9.1 years remaining. The lease includes four 5-year renewal options and features fixed 2.0% annual rent bumps, providing a hedge against inflation and ensuring consistent income growth. The asking price is $1,742,504, translating to a price per square foot of $449.45. This QSR property offers a passive investment with durable cash flow, benefiting from the tenant's long-term track record (nearly 45 years at this location) and the inherent resilience of the fast-food sector to economic downturns and e-commerce trends. The property's location in Gwinnett County, Georgia, further enhances its appeal, given Georgia's strong economic performance. The property was part of the Summit Restaurant Holdings LLC bankruptcy in 2023 and was subsequently acquired by ARC Burger LLC, an entity owned by High Bluff Capital Partners. APN: 6-061-072. 100% occupancy.

Location Insight

City

Stone Mountain

County

Gwinnett

State

Georgia

Longitude

-84.112

Latitude

33.8238

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments