3350 S Cobb Dr SE - Fast Food FOR SALE


Smyrna, GA 30080- Near-In Cobb
$2,482,000 USD
404-812-8925
3350 S Cobb Dr SE, Smyrna, GA for Sale
$2,482,000 USD
Fast Food - FOR SALE
1/11
null | 5.85% Cap Rate

3350 S Cobb Dr SE
Smyrna, GA 30080
Near-In Cobb


HIGHLIGHTS

  • Popeyes is a globally recognized and fast-growing QSR brand with strong national brand loyalty
  • Leased to GPS Hospitality Ventures, LLC, a proven multi-brand franchisee with 400+ restaurants in 12 states
  • Long-term Absolute NNN lease with rent increases every five years and three x fiveyear renewal options.
  • Freestanding restaurant with fee-simple real estate ownership, providing depreciation benefits.
  • Highly visible freestanding location on South Cobb Drive in Smyrna, GA, with 30,800 VPD
  • Strong Atlanta suburban infill market with dense surrounding residential neighborhoods.

OVERVIEW

This investment offering presents the opportunity to acquire a free-standing Popeyes restaurant located north of Atlanta in Smyrna, Georgia, within the highly desirable Cobb County submarket of metro Atlanta. The property is leased to GPS Hospitality Ventures an experienced franchise operator with over 400 restaurants, under a long-term absolute NNN lease, providing passive income with no landlord responsibilities. The lease commenced in 2013 with an initial 20-year term and includes three x five-year renewal options. Rental increases occur every five (5) years, including during the option periods, providing built-in income growth over the life of the lease. The offering includes ownership of the real estate (not a ground lease), allowing the investor to benefit from depreciation of the building.

FOR SALE DETAILS

PRICE

$2,482,000 USD

PRICE/SF

$1,100 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,237 SF

ZONING

GC

APN/PARCEL ID

17-0412-0-016-0,17-0412-0-049-0

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.