1214 Maple St - Fast Food FOR SALE


Carrollton, GA 30117- Downtown Carrollton
$1,700,000 USD
714-875-2400
1214 Maple St, Carrollton, GA for Sale
$1,700,000 USD
Fast Food - FOR SALE
1/7
null | 5.1% Cap Rate

1214 Maple St
Carrollton, GA 30117
Downtown Carrollton


HIGHLIGHTS

  • LONG TERM LEASE - The subject property has over 18 years remaining on the initial term of a 20-year Absolute NNN Lease.
  • ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands o?" investment.
  • ANNUAL RENTAL INCREASES - 2% Annual Rental increases throughout the base term gives the investor the ability to hedge against inflation.
  • GREAT LOCATION - Well-located asset within the growing Atlanta MSA. Positioned near several neighboring national and local retailers.
  • STRONG DEMOGRAPHICS - Population Exceeds 40,000 Individuals Within a Five-Mile Radius. An hour out of Atlanta, GA with a population of near 500,000.
  • UNIVERSITY PRESENCE - Across the Street from University of West Georgia with over 13,400 Students in attendance.

OVERVIEW

Prime Net Lease is pleased to present the exclusive listing for a Papa John’s located in Carrolton, GA. The site consists of roughly 2,057 rentable square feet of building space on estimated 0.29-acre parcel of land. The subject property benefits from being well positioned on a dense retail corridor consisting of major national and local tenants, as well as large shopping centers, all within close proximity of this property. The franchisee guaranteed original lease has over 18 years remaining on its initial term. Fresh Dough GA, LLC, is a premier Papa John's Franchisee operating 12 Papa John's Restaurants in the Greater Atlanta Region. This absolute NNN lease has 2% annual rental increases during the base term and grants the Tenant two successive 5-year options to extend the lease. The Property has excellent visibility and is conveniently situated on Maple Street, which traffics an average of approximately 15,500 vehicles daily. Maple Street intersects with South Park Street just under one mile from the subject property, which brings an additional 30,400 vehicles into the immediate area on average daily. There are more than 44,000 individuals residing within a five-mile radius of the property and more than 77,000 individuals within a ten-mile radius. The subject property benefits from being well-positioned in a dense retail corridor consisting of national and local tenants, as well as large shopping centers, all within close proximity of this property. Major national tenants in the area include McDonald’s, Burger King, Wendy’s, Pizza Hut, Subway, Chipotle, Domino’s, Walgreen’s and others.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$826 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Papa John's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C2

APN/PARCEL ID

C07-0300002

ASK ABOUT THIS PROPERTY

Paul MatusikPrime Net LeaseMore Info
714-875-2400

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Paul MatusikPrime Net LeaseMore Info
714-875-2400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.