Property profile

885 Glynn St N Fayetteville, GA 30214

FOR SALE
Turn key restaurants
Property ID
US22-2262296
3,553 SF 0.69 ac lot Built 1985
Entity Owned 1-yr Hold Free & Clear
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For Sale
Contact for pricing 3,553 SF
885 Glynn St N, Fayetteville, GA 30214
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 1,200 square foot Sonic restaurant situated on a 0.69-acre lot in Fayetteville, Georgia. Built in 2024, this single-story building features a double drive-thru lane, a key element of the new drive-thru prototype design. The property boasts a 15-year absolute NNN ground lease with a corporate guarantee from Sonic, a leading QSR brand. Rent increases by 10% every five years, ensuring consistent income growth. The lease includes four 5-year renewal options, providing long-term stability. The property generates a strong net operating income (NOI) of $132,500, resulting in a 6.25% cap rate. Strategically located as an outparcel to Banks Station Shopping Center, this site benefits from high visibility at the signalized intersection of State Highway 85, State Highway 314, and N Jeff Davis Dr, with combined daily traffic exceeding 72,000 vehicles. The location is further enhanced by its proximity to Fayette Pavilion, a top-performing power center, and enjoys a strong demographic profile, with an average household income of $101,522 within a 3-mile radius. This prime location, coupled with the strength of the Sonic brand and the favorable lease terms, makes this a compelling investment opportunity. The asking price is $2,120,000, representing a price per square foot of $1,766.67. The property is currently 100% occupied. This is a rare chance to acquire a high-performing, low-risk investment in a thriving market.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1985
Construction FRAME
Total area 3,553 SF
Lot 0.69 ac (30,056 SF)
Zoning code C C3
APN 0531 110
UPID US22-2262296

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering
  • Restaurant

Location

885 Glynn St N Fayetteville, GA 30214
Fayetteville metro Census 140406 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2024
6 recorded transactions
2024
$2.0M
2022
Price N/A
2016
Price N/A
2016
$725,000
2012
$462,500
2011
$3.4M

Zoning & alternative use

C C3 · Fayetteville, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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