Papa John's 287 S Chestatee St

Prime Net Lease is pleased to present the exclusive listing for a Papa John’s located in in Dahlonega, GA. The site consists of roughly 1,517 rentable square feet of building space on estimated 0.45-acre parcel of land. The subject property benefits from being well positioned on a dense retail corridor consisting of major national and local tenants, as well as large shopping centers, all within close proximity of this property.
The franchisee guaranteed original lease has over 18 years remaining on its initial term. Fresh Dough GA, LLC, is a premier Papa John's Franchisee operating 12 Papa John's Restaurants in the Greater Atlanta Region. This absolute NNN lease has 2% annual rental increases during the base term and grants the Tenant two successive 5-year options to extend the lease.
The Property has excellent visibility and is conveniently situated on South Chestatee Street, which traffics an average of 14,032 vehicles daily. South Chestatee Street intersects with Georgia State Route 9 North just under 1,000 feet from the subject property, which brings an additional 14,470 vehicles into the immediate area daily. There are more than 20,657 individuals residing within a five-mile radius of the property and more than 47,250 individuals within a ten-mile radius.
The subject property benefits from being well-positioned in a dense retail corridor consisting of national and local tenants, as well as large shopping centers, all within close proximity of this property. Major national tenants in the area include Walmart, Walgreen’s, Dunkin Donuts, McDonald’s, Wendy’s, Subway, Taco Bell, Domino’s, Dairy Queen, Chick-Fil-A, and various others. Beyond these, there is a strong presence of local shops and restaurants just Northwest of the property.
This site is located across the street from University of North Georgia, Dahlonega campus, which has an enrollment of just under 20,000 students. This location will additionally benefit from a new 86,000 square foot Cottrell Center being currently constructed directly across the street. This new campus building will serve as a hub for business and computer science programs with specialized labs and high technology classrooms. Such an addition will certainly add to the foot traffic and store sales at the subject location.