6510 Tara Blvd Jonesboro, GA 30236

Property Details for 6510 Tara Blvd

Year built

1978

Lot size

0.83 lot acres

Property size

4,431 SF

Zone code

MX

Property type

Commercial real estate

APN

13-142D- C-007

APU

13142DC007

Description

This exceptional investment opportunity presents a newly renovated, 3,933 square foot Tim Hortons restaurant in Jonesboro, Georgia. Located at 6510 Tara Blvd, this Class A property boasts a strong 15-year absolute NNN lease with a reputable franchisee operating multiple successful QSR locations. The lease includes 7.5% rent bumps every five years and two five-year renewal options, ensuring consistent income growth. The property sits on a 0.83-acre lot in a high-traffic area with over 35,000 cars passing daily. The building, constructed in 1978 and extensively renovated in 2024, benefits from a prime location near Clayton State University and Southern Regional Medical Center, serving a population exceeding 200,000 within a five-mile radius. The property's strong demographics, coupled with the tenant's proven track record and the rapid growth of the Tim Hortons brand, make this a compelling investment opportunity with a 6.50% cap rate and a current NOI of $144,000. The asking price is $2,215,000, representing a price per square foot of $563.18. The property is zoned GB and features one single-story building. This sale-leaseback transaction offers a secure, passive income stream with significant long-term potential.

Location Insight

City

Jonesboro

County

Clayton

State

Georgia

Longitude

-84.3721

Latitude

33.5769

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments