8350 Senoia Rd Fairburn, GA 30213-4222
- Auto shops
- 6,060 SF
- 0.85 lot acres
Current Use by Public Records
- U-Haul Neighborhood Dealer / Truck Rental Agency / Van Rental Agency
- Meineke Car Care Center / Auto Repair Shop
Property Details for 8350 Senoia Rd
- Year built
- 2021
- Construction
- WOOD
- Lot size
- 0.85 lot acres
- Property size
- 6,060 SF
- Zone code
- C2
- Property type
- Auto shops
- APN
- 09F020200132937
- APU
- 09F020200132937
Description
This exceptional investment opportunity presents a newly constructed, free-standing Popeyes restaurant in Fairburn, Georgia. The property boasts a 15-year absolute NNN lease, commencing upon closing in Q3 2023, with a strong franchisee operator managing multiple successful QSR locations in the Atlanta area, including Popeyes, Tim Hortons, Moe's, and Checkers. The lease includes attractive 7.5% rent increases every five years and two five-year renewal options, ensuring long-term, stable income. The 2,200 square foot building sits on approximately 0.8 to 1 acre of land and is situated on a main retail thoroughfare in Fairburn, offering excellent visibility and accessibility. The property's location benefits from a high-density population (74,232 people within a 5-mile radius) and a strong average household income ($96,328 within a 1-mile radius). The asking price is $3,000,000, representing a compelling 6% capitalization rate and a price per square foot of $1,363.64. This is a rare chance to acquire a high-performing asset in a rapidly growing market with a proven tenant and a secure, long-term lease. The property is classified as Class A and offers a 100% occupancy rate with a current net operating income (NOI) of $180,000. The single-story building was constructed in 2023.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,655,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,940,000
- 6.5%
- $1,770,000
- 7%
- $1,940,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,540,000
- Geo Method
- $1,985,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,955,000
- Retail
- $2,050,000
- Mixed-Use
- $1,985,000
- Hospitality
- $2,125,000
- Educational
- $1,715,000
- Residential Income
- $1,730,000
- Energy
- $2,130,000
- Income-Based Land
- $1,550,000
- Food Service
- $2,155,000
Location Insight
- Map
- Local Demand
- City
- Fairburn
- County
- Fulton
- State
- Georgia
- Longitude
- -84.5753
- Latitude
- 33.5299
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
