Tim Hortons- Jonesboro 6510 Tara Blvd
1,800 SF Retail Building Jonesboro, GA 30236 $1,565,000 ($869/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 15 year absolute NNN lease - 10% increases every 5 years with two 5-year options
- Tim Hortons is one of the fastest growing QSR brands in the world with 5,353 existing locations
- 200,000+ people living within a 5 mile radius with an excellent average household income in a 1 mile radius of $55,915
- Sale leaseback with a strong franchisee- Operates Popeye's, Tim Hortons, Checkers, & Moe's
- Well located on Tara Blvd. with high traffic counts of 35,000+ cars per day passing
EXECUTIVE SUMMARY
This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Tim Hortons, located in Jonesboro, Georgia. This location comes with a new 15 year NNN lease with Tim Hortons that includes 10% 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. Tim Hortons is one of the fastest growing QSR brands in the world, and this is an ideal location for the restaurant.
Morrow is a city in Clayton County, Georgia and part of the Atlanta Metropolitan Area. Located approximately 15 miles to the south of downtown Atlanta, the city is bordered by Lake City to the north and Forest Park to the northwest. Clayton State University, part of the University System of Georgia, is located across I-75 to the north of the property occupying 192 aces with more than 7,000 students enrolled. The Southern Regional Medical Center (a 331 bed hospital)is located just to the west of the property. Morrow is also located roughly 6 miles from Hartsfield-Jackson Atlanta International Airport one of the busiest airports in the world.
Morrow is a city in Clayton County, Georgia and part of the Atlanta Metropolitan Area. Located approximately 15 miles to the south of downtown Atlanta, the city is bordered by Lake City to the north and Forest Park to the northwest. Clayton State University, part of the University System of Georgia, is located across I-75 to the north of the property occupying 192 aces with more than 7,000 students enrolled. The Southern Regional Medical Center (a 331 bed hospital)is located just to the west of the property. Morrow is also located roughly 6 miles from Hartsfield-Jackson Atlanta International Airport one of the busiest airports in the world.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,800 SF
Building Class
C
Year Built/Renovated
1978/2024
Price
$1,565,000
Price Per SF
$869
Cap Rate
5.75%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.83 AC
Zoning
GB - General Business
Parking
40 Spaces (22.22 Spaces per 1,000 SF Leased)
Frontage
188 FT on Tara Blvd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-0142D-00C-007 | Improvements Assessment | $56,240 |
| Land Assessment | $72,640 | Total Assessment | $128,880 |
