6741 Veterans Pkwy Columbus, GA 31909-3170

Property Details for 6741 Veterans Pkwy

Lot size

4.39 lot acres

Property type

Commercial land

APN

072 014 002

APU

72014002

Description

This exceptional investment opportunity presents a newly constructed, free-standing Popeyes restaurant in Columbus, Georgia. The property boasts a 2,200-square-foot building, constructed and renovated in 2023, situated on a prime retail location at 6741 Veterans Pkwy, 31909. The property benefits from a 15-year absolute NNN lease with a strong franchisee operator, who also manages other successful QSR brands. The lease includes a 7.5% rent increase every five years, providing significant long-term growth potential, and includes two 5-year renewal options. The property's strong performance is reflected in its 6.25% cap rate and $168,000 annual net operating income (NOI). The asking price is $2,688,000, translating to $1,221.82 per square foot. The location is ideal, positioned off I-185 on a major retail thoroughfare in a high-income area of Columbus, serving a population of over 122,793 within a 5-mile radius, with an average household income exceeding $98,572 within a 1-mile radius. The proximity to Fort Benning, supporting over 120,000 active military personnel, families, retirees, and employees, further enhances the property's appeal and ensures a consistent customer base. This is a rare opportunity to acquire a high-performing, established restaurant in a rapidly growing market.

Location Insight

City

Columbus

County

Muscogee

State

Georgia

Longitude

-84.955

Latitude

32.5422

CBSA code

17980

CBSA name

COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments