1456 Newnan Crossing Blvd E
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1456 Newnan Crossing Blvd E
3,100 SF Retail Building Newnan, GA 30265 $2,985,000 ($963/SF) 5.70% Cap Rate
Investment Highlights
- Located Within the Atlanta MSA in An Affluent and Rapidly Expanding Area
- 10% Rental Increases Every Five Years | Affluent Surrounding Area with Average Annual Incomes of Nearly $100,000
- Freddy’s Frozen Custard & Steakburgers Has Approximately 450 Locations
- Long Term 20-Year Lease | Absolute Triple Net Lease with No Landlord Responsibilities
- Projected Annual Population Growth of Approximately 2.7% Within One Mile Over the Next Five Years
- Surrounded By Neighborhood Retailers Which Include Publix, CVS Pharmacy, Wal-Mart Supercenter, Lowe's, Home Depot And Many More
Executive Summary
Graystone Capital Advisors is pleased to exclusively offer for sale a single tenant net leased Freddy’s Frozen Custard & Steakburgers property located in the Atlanta MSA, situated within the $150 million multi-use development known as Newnan Village Crossing on a 125-acre tract in Newnan located along I-85.
This Freddy’s sale-leaseback features a 20-year absolute triple net lease that includes 10% rental increases every five years. The lease is guaranteed by JRI Hospitality, the largest franchise operator of Freddy’s with +/- 80 existing locations across 15 states and plans for additional growth.
The property is strategically positioned on the hard corner adjacent to Summerlin Corners, a Kroger Anchored Center Located in a fast growing residential area surrounded by neighborhood retailers Area retailers include Publix, CVS Pharmacy, Wal-Mart Supercenter, Lowe’s & Home Depot.
This Freddy’s sale-leaseback features a 20-year absolute triple net lease that includes 10% rental increases every five years. The lease is guaranteed by JRI Hospitality, the largest franchise operator of Freddy’s with +/- 80 existing locations across 15 states and plans for additional growth.
The property is strategically positioned on the hard corner adjacent to Summerlin Corners, a Kroger Anchored Center Located in a fast growing residential area surrounded by neighborhood retailers Area retailers include Publix, CVS Pharmacy, Wal-Mart Supercenter, Lowe’s & Home Depot.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,100 SF
Building Class
B
Year Built
2021
Price
$2,985,000
Price Per SF
$963
Cap Rate
5.70%
NOI
$170,145
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
1.29 AC
Zoning
RESIDENTIA
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 086-5021-010 | Improvements Assessment | $297,946 |
| Land Assessment | $232,635 | Total Assessment | $530,580 |
PROPERTY TAXES
Parcel Number
086-5021-010
Land Assessment
$232,635
Improvements Assessment
$297,946
Total Assessment
$530,580
-
Brenton Baskin -
Julius Swolsky -
Kevin Fitzpatrick -
Graystone Capital Advisors
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1456 Newnan Crossing Blvd E
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.