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Guthrie's Chicken 1635 Grayson Hwy

2,200 SF Retail Building Grayson, GA 30017 $2,915,600 ($1,325.27/SF) 6.50% Cap Rate

INVESTMENT HIGHLIGHTS

  • New Construction Guthrie's Chicken in the Atlanta MSA
  • Excellent Visibility On Highly Trafficked Road: 46,400 VPD
  • 60+ Unit Store Count Currently With Massive Expansion Plans to Add 30 locations Per Year Nationwide
  • 12-Year NNN Lease With 8% Increases Every 5 Years
  • Affluent Atlanta Submarket: $130K+ household incomes
  • 1,000+ Residential Units Built Within the 1 Mile Radius in Last 5 Years

EXECUTIVE SUMMARY

Franklin Street is pleased to present this new construction Guthrie's Chicken in Grayson, Georgia, part of the Atlanta MSA. Guthrie's is a rapidly expanding QSR concept that plans to add 30 locations per year nationwide for the foreseeable future. The brand has roots dating back to 1965 when the first location opened in Alabama. The site was developed in front of a new 234 unit Class A apartment complex, Dylan at Grayson, on Grayson Highway which has visibility to 46,400 cars a day. Other nearby major retailers generating additional traffic to the corridor is Kroger, Starbucks, Chase Bank, Chipotle, Pana Express, Whataburger, Taco Bell, AutoZone, among many others. Additionally, one block from the location is Sterling Elementary (1,100+ students) and Couch Middle (1,100+ students) that bring daily drivers past the location. The location has Guthrie's Chicken's newest more efficient prototype that is 2,200 SF in comparison to their old version that was 3,500 SF, and includes a drive thru. The operator has signed a new 12-year NNN lease that began in December 2023. The operator has 25+ years of restaurant experience with brands such as Applebee's, Ruby Tuesday, Mellow Mushroom, among others and currently operates the Cumming, Georgia location as well.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,200 SF
Building Class
B
Year Built
2023
Price
$2,915,600
Price Per SF
$1,325.27
Cap Rate
6.50%
NOI
$189,520
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.96 AC
Zoning
C2-GENERAL - Commercial Service District

NEARBY MAJOR RETAILERS

Chase
Starbucks
Ilovekickboxing
Bank OZK
Truist
Kroger
Shane's Rib Shack
Renasant Bank
Scooter's Coffee

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5-137-019
Land Assessment
$260,560
Improvements Assessment
$0
Total Assessment
$260,560
  • Listing ID: 31575364

  • Date on Market: 4/22/2024

  • Last Updated:

  • Address: 1635 Grayson Hwy, Grayson, GA 30017

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