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- LoopNet Team
3999 Austell Rd
Austell, GA 30106
Pollo Tropical | 382-Bed Hospital | 15% Incrs · Retail Property For Sale
PROPERTY FACTS
- Fast Food
- General Retail Fast Food
- General Retail Freestanding
About 3999 Austell Rd , Austell, GA 30106
Directly Across from “Top 100 Rated” 382-Bed Hospital – Shared Traffic Signal oPollo Tropical benefits from being located directly across the street from WellStar Cobb Hospital, a 382-Bed “Top 100 Rated” Hospital that serves South Cobb County. Cobb County is the third most populous county in the State of Georgia oThe Property benefits from direct access to the hospital via Hospital S Dr which intersects at Austell Road providing a signalized intersection for easy pedestrian and vehicular access. oPollo Tropical is approximately 0.3 miles from the Hospital. Densely Populated Area with Average Household Incomes Over 50% Higher than the National Average. oThe average household income in a three and five-mile radius of the Property is over $86,000 and $83,000 respectively, which is well over 50% higher than the national average thereby providing for more disposable income. oThere are also over 65,190 residents in a three-mile radius and 189,420 in a five-mile radius. oThe closest Pollo Tropical is over 12.7 miles away, making this location the most convenient option for thousands of residents. Atlanta MSA Second-Fastest Growing Economy Amongst Top 10 U.S. Metro Areas oThe Property is located just 17 Miles from Downtown Atlanta. Atlanta is the ninth largest MSA in the country with over 5.8 Million residents. oAccording to the U.S. Bureau of Economic Analysis, the Atlanta MSA is the second-fastest growing economy for all U.S. MSA’s. The fastest growing MSA is San Francisco. Strong Commercial Corridor with over 1,650,000 Square Feet of Retail in a Half-Mile Radius. oThe Property is located in a dense retail corridor amongst numerous national tenants with anchors such as Target, Walmart Supercenter, Home Depot, Hobby Lobby, Burlington Coat Factory, Kohl’s, TJ Maxx, LA Fitness, Ross, and others. oIn addition the property benefits from being an outparcel to the Brookwood Shopping Center with neighboring Tenants such as LA Fitness, Mattress Firm, Tuesday Morning, Bargain Hunt, West Emory Rehabilitation Center, Every Kid’s Dentisty, Cricket Wireless, Once Upon a Child, Juice Me, Austell Smiles Dentistry, Jimmy Johns, Rio Wax, and Others. Excellent Access and Exposure – 35,000+ VPD oThe Pollo Tropical provides convenient customer access via numerous access points throughout the shopping center including the a turn-in / turn-out on the East-West Connector as well as three signalized intersections on the East-West Connector at Hospital Drive South, Brookwood Drive, and Austell Road. Top Average-Unit Sales Volumes at $2,400,000 per Store with Significant Tenant Investment oPollo Tropical has very strong average-unit sales volumes compared to other fast casual restaurants. In addition, due to the ground-leased nature of the lease, Pollo Tropical invests anywhere between $1.3 to $2.3 million on the construction of their restaurant. oFiesta Restaurant group revenue – 711.6m 2016 with pollo 401.8m oSource www.frgi.com / 2016 Annual Filing. Long-Term NNN Lease with Rare Fifteen (15%) Percent Increases – Next Increase in Two Years will Raise Cap Rate to a 5.46% oThe Property is subject to a long term 15 year ground-lease with Pollo Tropical, which has 12 years remaining along with three (3), five-year options. The lease provides for RARE Fifteen (15%) Percent increases every five-years throughout the base-term and each of the five year options, providing an excellent hedge against inflation.
PROPERTY TAXES
Parcel Number | 19-0921-0-004-0 | Improvements Assessment | $429,732 |
Land Assessment | $2,870,268 | Total Assessment | $3,300,000 |
PROPERTY TAXES
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Listing ID: 11257759
Date on Market: 1/15/2018
Last Updated:
Address: 3999 Austell Rd, Austell, GA 30106
The Retail Property at 3999 Austell Rd, Austell, GA 30106 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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