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Sonic Ground Lease 109 Habersham Hills Cir

7,000 SF Retail Building Cornelia, GA 30531 $2,429,000 ($347/SF) 5.25% Cap Rate

Retail Buildings Georgia Cornelia 109 Habersham Hills Cir, Cornelia, GA 30531

Investment Highlights

  • Great visibility and access from signalized corner intersection | US 441 & Cannon Bridge Rd | 35,000 VPD combined
  • Outparcel to Habersham Hills Shopping Center | Tractor Supply & Ross anchored center
  • Long lease term | New 20-year term
  • New 2023 construction
  • Absolute Net Lease | Zero Landlord responsibilities
  • Corporate lease | SRI Operating Company | 3,548 Locations across 46 states

Executive Summary

Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Sonic Ground Lease in Cornelia, GA. We welcome your review of this attractive investment.

Property Facts

Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Year Built
2023
Price
$2,429,000
Price Per SF
$347
Cap Rate
5.25%
NOI
$127,523
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.45 AC
Zoning
B1 - Business
Parking
25 Spaces (3.57 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Sonic
  • Accommodation and Food Services
  • 931 SF
  • $136.95
  • Triple Net
  • Jul 2043
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Sonic Accommodation and Food Services 931 SF $136.95 Triple Net Jul 2043

Links

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Nearby Major Retailers

Southstate Bank
Workout Anytime
Waffle House
Starbucks
LongHorn Steakhouse
Blimpie
Planet Fitness

PROPERTY TAXES

Parcel Number 083-006 Improvements Assessment $116,280
Land Assessment $169,628 Total Assessment $285,908

PROPERTY TAXES

Parcel Number
083-006
Land Assessment
$169,628
Improvements Assessment
$116,280
Total Assessment
$285,908
(704) 379-1985

Contacts

  • Listing ID: 30889699

  • Date on Market: 2/6/2024

  • Last Updated:

  • Address: 109 Habersham Hills Cir, Cornelia, GA 30531

More public record information on 109 Habersham Hills Cir, Cornelia, GA 30531

The Retail Property at 109 Habersham Hills Cir, Cornelia, GA 30531 is currently available for sale. Contact Berkeley Capital Advisors for more information.

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Sonic Ground Lease | 109 Habersham Hills Cir
(704) 379-1985 x

Sonic Ground Lease | 109 Habersham Hills Cir

1/3

Ransome Foose

(704) 379-1985

(704) 379-1985

Carl Brendes

(704) 714-2363

(704) 714-2363

Jake Zapata

(210) 587-5388

(210) 587-5388

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