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Arby's 13640 Jones St

2,364 SF Retail Building Lavonia, GA 30553 $2,100,000 ($888/SF) 5.25% Cap Rate

Investment Highlights

  • Long-Term Absolute NNN Lease
  • Affluent Demographics
  • Premier Retail Corridor
  • Rental Increases Every 5 Years
  • New Construction Drive-Thru QSR
  • High Barrier To Entry

Executive Summary

Northmarq, on behalf of ownership as its exclusive advisor, is pleased to offer for sale the opportunity to acquire the fee simple interest in the Arby’s property located at Jones Street, Lavonia, GA (the “Property”). The Property consists of a quick service restaurant on a ±1.00 acre parcel. The Property features brand new construction to be completed in 2024.
The Property has direct frontage on Jones St (12,759 VPD) with immediate access to I-85 (43,154 VPD), providing ease of sight and easy accessibility. It is located in the middle of a dense retail area and surrounded by major retailers. The immediate 10-mile area serves an affluent population of 31,187 residents earning an average household income of $82,754 annually.
The Tenant is operating under an absolute NNN fifteen (15) year lease with a full 15 years remaining, providing income security through December 2039. The Lease provides entirely passive ownership, with Tenant responsible for 100% of all operating expenses and maintenance obligations. The Lease offers fixed rental growth of 10% every 5 years during the base term and each of the five, five-year renewal options.

Attachments

View OM Here

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,364 SF
Building Class
C
Year Built
2025
Construction Status
Under Construction
Price
$2,100,000
Price Per SF
$888
Cap Rate
5.25%
NOI
$110,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Zoning
001 - General Retail

Nearby Major Retailers

Waffle House
Longhorn Steakhouse
Cracker Barrel Old Country Store
Truist
Curves

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
063-145-C
Land Assessment
$312,326
Improvements Assessment
$0
Total Assessment
$312,326
  • Listing ID: 33757760

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 13640 Jones St, Lavonia, GA 30553

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