Popeyes 15-Yr Abs NNN Brand Growth 100 Northeast Hickory Level Road, Villa Rica, GA Cap Rate 5.5% Villa Rica (Villa Rica - Carroll County, Georgia, US ) Built

$2,763,636 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,145 sq. ft.
  • Development Level: Built
  • Lot Size: 40075 acres
  • Year Built: 2021

Description

Popeyes 15-Yr Abs NNN Brand Growth 100 Northeast Hickory Level Road, Villa Rica, GA Cap Rate 5.5%

Cap Rate: 5.5%
NOI: $152,000
Building Size: 2,145 sqft
Lot Area: 40,075 sqft
Occupancy: 100%
Lease TypeAbsolute Net
Tenancy: Single
Year Built: 2021
Lease Expire Year: 02/25/2036

DESCRIPTION
The subject property is a newly constructed Popeyes drive-thru located in Villa Rica (Atlanta MSA), GA. The brand new 15-year absolute NNN lease includes 10% rental increases every 5-years in the primary term and in the (4) five-year option periods. The property is located immediately off Interstate-20 (76,000 VPD) at a signalized intersection across from Home Depot and Wal-Mart. The site benefits from its excellent visibility and frontage along one of the most heavily trafficked thoroughfares in Villa Rica (Carrollton Villa Rica Highway), which boasts over 35,000 vehicles per day. The Villa Rica population has been rapidly growing and is expected to grow another 7.0% over the next 5-years.

National retailers in the immediate vicinity include Home Depot, Wal-Mart, Wendy’s, Dunkin’ Donuts, Hardee’s, Burger King, Taco Bell, Arby’s, McDonalds, Pizza Hut, Starbucks, Bojangles, Chick-Fil-A, CVS, Bank of America, AutoZone, Zaxby’s, Advance Auto, Dollar Tree, and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility. Villa Rica is an affluent western suburb of Atlanta, Georgia. It is located in the Atlanta Metropolitan Area, which is the most populous metro area in Georgia and the ninth-largest Metropolitan Statistical Area (MSA) in the United States.

HIGHLIGHTS
• Brand New 2021 Construction
• 15-Year Absolute NNN Lease w/ 10% Increases Every 5-Years
• Signalized Intersection Across from Home Depot & Wal-Mart
• Traffic Counts Exceed 35,000 Vehicles Per Day
• Average Household Income Exceeds $80,000 (5-Mile Radius)
• 7% Expected Population Increase Over Next 5-Years
• Upgraded Construction: Rare Upgraded Brick Veneer Building

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.