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6021 Hickory Flat Hwy
Canton, GA 30115

Popeyes · Retail Property For Sale

Investment Highlights

  • New 15-year absolute NNN lease, ideal for an out-of-area investor
  • 0% rental increases every five (5) years, providing a hedge against inflation
  • Guaranteed by Purple Square Management, owner and operator of over 280 franchise locations
  • High-quality 2024 construction featuring a dedicated dual-lane drive-thru for added customer convenience

Executive Summary

This Popeyes is strategically located on Hickory Flat Highway in Hickory Flat, GA, a prime site within the rapidly growing community of Canton, part of the Atlanta Metropolitan Statistical Area (MSA). The property is situated near a prominent intersection on Hickory Flat Highway, offering excellent visibility and access to a steady flow of traffic. The site is located within a dense retail corridor, directly benefiting from its proximity to well established national retailers such as Publix, The Home Depot, Kroger, CVS Pharmacy, and Walmart Supercenter. Just three miles from The Outlet Shoppes at Atlanta, this location attracts significant foot traffic from one of the largest outlet malls in Georgia. The surrounding retail amenities make this Popeyes a convenient stop for shoppers and local residents alike. The average household income in this area is $173,953, reflecting the strong purchasing power of the local community. The broader area, within five miles, is home to 68,035 residents, with expectations to grow to 72,947 by 2029, demonstrating strong market fundamentals that will continue to support this location. Located just minutes from Interstate 575, the property offers easy access to major transportation routes, connecting Hickory Flat to the greater Atlanta area. This strategic location not only attracts local traffic but also draws customers from the surrounding communities, making it an ideal spot for long-term business success.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,900 SF
Building Class
B
Year Built
2024
Price
$2,591,000
Price Per SF
$1,364
Cap Rate
5.50%
NOI
$142,505
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
4.69 AC

Amenities

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
015N26-00000-134-000-0000
Land Assessment
$80,400
Improvements Assessment
$0
Total Assessment
$80,400
  • Listing ID: 33367925

  • Date on Market: 10/1/2024

  • Last Updated:

  • Address: 6021 Hickory Flat Hwy, Canton, GA 30115

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