Checkers - Union City | 4788 Jonesboro Rd
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Checkers - Union City 4788 Jonesboro Rd
800 SF Retail Building Union City, GA 30291 $2,400,000 ($3,000/SF) 6% Cap Rate
Investment Highlights
- New construction completed in 2024
- Strong store sales since opening
- High traffic: 33,000+ cars per day on Jonesboro Road, GA 138
- 15 year absolute NNN lease - 7.5% increases every 5 years with 2 x 5 year options
- Sale leaseback with a strong franchisee- Operates Popeye's, Tim Hortons, Checkers, & Moe's
- 110,789 residents within a 5-mile radius, boasting an impressive average household income of $81,531 with 19% growth projected in the next 5-years
Executive Summary
This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Checkers, located in Union City, Georgia. This location comes with a new 15 year NNN lease with Checkers that includes 7.5% increases every 5 years, and two 5-year options. The franchisee is based in Atlanta, and currently operates Popeyes, Tim Hortons, Moe's, & Checkers locations.
Union City, a suburb just 15 minutes south of Downtown Atlanta, is strategically located approximately 10 miles from the world's busiest airport, Hartsfield-Jackson International Airport. Major corporations are drawn to the area, evident by the presence of massive distribution centers and job opportunities. Significant development has continued to happen in the area, with projects planned in collaboration with Aerotropolis Atlanta Alliance. Porsche's $100 million North American headquarters and the construction of Union Station Business Center highlight the area's growth. The proliferation of new car dealerships underscores Union City's importance as a retail hub.
Union City, a suburb just 15 minutes south of Downtown Atlanta, is strategically located approximately 10 miles from the world's busiest airport, Hartsfield-Jackson International Airport. Major corporations are drawn to the area, evident by the presence of massive distribution centers and job opportunities. Significant development has continued to happen in the area, with projects planned in collaboration with Aerotropolis Atlanta Alliance. Porsche's $100 million North American headquarters and the construction of Union Station Business Center highlight the area's growth. The proliferation of new car dealerships underscores Union City's importance as a retail hub.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
800 SF
Building Class
C
Year Built
1985
Price
$2,400,000
Price Per SF
$3,000
Cap Rate
6%
NOI
$144,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.49 AC
Zoning
C2 - Commercial
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Checkers
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Checkers | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 09F-1503-0063-157-7 | Improvements Assessment | $95,400 |
| Land Assessment | $133,840 | Total Assessment | $229,240 |
PROPERTY TAXES
Parcel Number
09F-1503-0063-157-7
Land Assessment
$133,840
Improvements Assessment
$95,400
Total Assessment
$229,240
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Checkers - Union City | 4788 Jonesboro Rd
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