665 Highway 29 N - Restaurant FOR SALE


Athens, GA 30601- North Athens
$7,000,000 USD
404-276-7441
665 Highway 29 N, Athens, GA for Sale
$7,000,000 USD
Restaurant - FOR SALE
1/24
null | 5.84% Cap Rate

665 Highway 29 N
Athens, GA 30601
North Athens


HIGHLIGHTS

  • New Construction
  • NNN leases with String tenants
  • Growing residential and retail corridor
  • Across from Kroger Center
  • Across from Athens Technical College

OVERVIEW

New Construction in 2024 this 11,560 SF Strip Center has a great tenant mix and plenty of parking. This center was built in 2024 by the Firehouse Subs franchisee who occupies a corner location with a drive-thru. This is one of the top producing Firehouse subs in Georgia. The other tenant are a Corporate Papa John’s, Wing Stop, Tropical Café Smoothie, Nails and Spa and Verizon. All leases are NNN with 5 year or longer terms plus renewals. Athens, Georgia is a high growth area anchored by the University of Georgia, the University Hospital system, low housing costs and a great quality of life. This busy area is a major retail hub for the area and located at Athens Technical College. Highway US 29 has a growing traffic count at 22,000 SPD and Hull Road is also 20,000 CPD. The subject property is located near a large Kroger Shopping Center, Apartments, Piedmont Urgent Care, Senior memory care as well as numerous national retailers. The center is newly constructed and tenanted and requires minimum owner supervision. All leases are NNN and started in 2024 or 2025. The owner is the Firehouse Subs Franchisee who operates some of the most productive stores in the state. Tech Plaza has strong food-oriented tenants along with a Verizon store and a nail/spa. This mix will help it remain strong as the area continues to expand. This fast-growing area has seen a large amount of growth in both residential and retail. If you drive up and down the road you can see the all the new construction as people are moving to the area. There are hundreds of new apartments and residential units within just a mile of the location. Tech Plaza has access to the street light and in a high traffic area.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$606 USD /SF

CAP RATE

5.84%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,892 SF

ZONING

C-G

APN/PARCEL ID

154-038

ASK ABOUT THIS PROPERTY

Steven BushVirtual Properties RealtyMore Info
404-276-7441

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

Steven BushVirtual Properties RealtyMore Info
404-276-7441

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