Tim Hortons- NEW 15 YR LEASE at Closing | 7940 Senoia Rd
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Tim Hortons- NEW 15 YR LEASE at Closing 7940 Senoia Rd
2,460 SF Retail Building Fairburn, GA 30213 $2,215,000 ($900/SF) 6.50% Cap Rate
Investment Highlights
- 5 year absolute NNN lease - 7.5% increases every 5 years with 2 x 5 year options
- Tim Hortons is one of the fastest growing QSR brands in the world with 5,353 existing locations
- Excellent visibility and accessibility for customers, and an ideal location right off I-85 and situated in front of a big multifamily development
- Tim Hortons is aggressively expanding in Georgia. High traffic: 29,000+ cars per day on Senoia Road, GA 74
- Sale leaseback with a strong franchisee- Operates Popeye's, Tim Hortons, Checkers, & Moe's
- Strong one-mile average household income of $86,062, with anticipated 21% growth over the next 5 years.
Executive Summary
This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Tim Hortons, located in Fairburn, Georgia. The property is located off Fairburn main I-85 exit and situated in front of a big multifamily development. The location is open and the sales have been strong since opening. This location comes with a new 15 year NNN lease with Tim Hortons that includes 7.5% increases every 5 years, and two 5-yearoptions. The franchisee is based in Atlanta, and currently operates Popeyes, Tim Hortons, Moe's, & Checkers locations. Popeyes is one of the fastest growing QSR brands in the world, and this is an ideal location for the restaurant.
Fairburn, Georgia is a vibrant city located in Fulton County, known for its rich history and small-town charm. The city is home to a diverse community and offers a mix of residential, commercial, and industrial areas. With easy access to major highways and transportation networks, Fairburn has become a hub for economic development and business growth. The city's picturesque downtown area, historic landmarks, and local events make it a welcoming and lively place to live, work, and visit.
Fairburn, Georgia is a vibrant city located in Fulton County, known for its rich history and small-town charm. The city is home to a diverse community and offers a mix of residential, commercial, and industrial areas. With easy access to major highways and transportation networks, Fairburn has become a hub for economic development and business growth. The city's picturesque downtown area, historic landmarks, and local events make it a welcoming and lively place to live, work, and visit.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,460 SF
Building Class
B
Year Built
2014
Price
$2,215,000
Price Per SF
$900
Cap Rate
6.50%
NOI
$144,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.98 AC
Zoning
C2 - Commercial C2. Property has a grandfathered drive through. Corner location. Vital neighborhood, new apartment complexes, near Atlanta Airport, I-85
Parking
30 Spaces (12.2 Spaces per 1,000 SF Leased)
Frontage
384 FT on Senoia Rd and Harris Road
Amenities
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 09F-0703-0032-030-4 | Improvements Assessment | $167,360 |
| Land Assessment | $254,760 | Total Assessment | $422,120 |
PROPERTY TAXES
Parcel Number
09F-0703-0032-030-4
Land Assessment
$254,760
Improvements Assessment
$167,360
Total Assessment
$422,120
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Tim Hortons- NEW 15 YR LEASE at Closing | 7940 Senoia Rd
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