1350 Scenic Hwy N - Restaurant FOR SALE


Snellville, GA 30078
$2,814,200 USD
404-441-3849
1350 Scenic Hwy N, Snellville, GA for Sale
$2,814,200 USD
Restaurant - FOR SALE
1/22
null | 5.65% Cap Rate

1350 Scenic Hwy N
Snellville, GA 30078


HIGHLIGHTS

  • NNN Ground Lease with Renewal Options | 10% Increases in Each of the Two, 5-Year Renewal Options
  • Part of The Shoppes at Webb Gin (329,820 SF) | Sprouts Farmers Market, Barnes & Noble, DSW, Kirkland's, H&M, LOFT, J. Crew, Bath & Body Works, etc.
  • Excellent Performer | Rent-To-Sales Ratio Below 5% and 12.5% YOY Sales Growth from 2023 to 2024
  • Positioned Along Scenic Highway North (40,500 VPD), feet from its intersection with Webb Gin House Road (5,226 VPD).
  • Affluent Demographics & Built-In Customer Base
  • 24 Miles from Downtown Atlanta | ATL MSA Population: 6.4M+

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the NNN Chili's Grill & Bar ground lease situated on 0.35 acres in Snellville, Georgia—part of the broader Atlanta-Sandy Springs-Roswell, GA MSA (Population: 6.48M+). Operating since 2006, the Chili's lease was most recently extended for 10 years through 2031. Currently, the lease features a corporate guaranty from Brinker International, Inc. (S&P: BB-) and ±5.9 years of term remaining with a 10% increase in each of the two, 5-year renewal options.

FOR SALE DETAILS

PRICE

$2,814,200 USD

PRICE/SF

$463 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chili's Grill & Bar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

GB

APN/PARCEL ID

5-074-400

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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