323 Harold G Clarke Pky - Restaurant FOR SALE


Forsyth, GA 31029
$2,100,000 USD
404-812-8925
323 Harold G Clarke Pky, Forsyth, GA for Sale
$2,100,000 USD
Restaurant - FOR SALE
1/11
null | 6.13% Cap Rate

323 Harold G Clarke Pky
Forsyth, GA 31029


HIGHLIGHTS

  • Single-tenant Shoney's restaurant leased to Witherell Enterprises, Inc., a long-standing franchise operator with occupancy dating back to 2013.
  • Absolute NNN lease structure providing a passive investment opportunity with minimal landlord responsibilities
  • Current lease term extends through April 22, 2030.
  • Freestanding ±5,000 SF restaurant situated on approximately 1.26 acres
  • Strategic location near Interstate 75 serving both local residents and regional traveler traffic.
  • Established restaurant site within a proven commercial corridor featuring national retailers, hotels, and service-oriented businesses.

OVERVIEW

This investment opportunity consists of a freestanding Shoney's restaurant located in Forsyth, Georgia. The property is leased to Witherell Enterprises, Inc., a longtime franchise operator that has occupied the location since 2013. The current lease term extends through April 22, 2030, providing investors with stable contractual income from an established restaurant operator. The lease is structured as an absolute NNN lease, under which the tenant is responsible for taxes, insurance, utilities, maintenance, repairs, replacements, and other property-related expenses. This structure offers a passive ownership profile while limiting exposure to operating expenses and capital expenditures. Positioned on approximately 1.43 acres along Harold G. Clarke Parkway, the asset benefits from strong visibility, convenient access, and proximity to Interstate 75, one of Georgia's primary transportation corridors.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$371 USD /SF

CAP RATE

6.13%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shoney’s

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,495 SF

ZONING

001

APN/PARCEL ID

054-009D

ASK ABOUT THIS PROPERTY

Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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