Popeyes- New Construction - 15 YR Lease | 8350 Senoia Rd
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Popeyes- New Construction - 15 YR Lease 8350 Senoia Rd
2,000 SF Retail Building Fairburn, GA 30213 $3,000,000 ($1,500/SF) 6% Cap Rate
Investment Highlights
- New construction to be completed and open in Q4 of 2023
- Sale leaseback with a strong franchisee- Operates Popeye's, Tim Hortons, Checkers, & Moe's
- 74,232 people living within a 5 mile radius with an excellent average household income in a 1 mile radius of $96,328
- 15 year absolute NNN lease - 7.5% increases every 5 years with 2 x5year options
- Well located off I-85 in Fairburn with an ideal location on the main retail artery of one of the most affluent areas in Fairburn.
Executive Summary
This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Popeyes, located in Fairburn, Georgia. The property will finish development and open for business in Q3 of 2023, and with have a 15 year NNN lease with Popeyes, 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. Popeyes is one of the fastest growing QSR brands in the world, and this is an ideal location for the restaurant.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,000 SF
Building Class
C
Year Built
2023
Price
$3,000,000
Price Per SF
$1,500
Cap Rate
6%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Zoning
C
Parking
35 Spaces (17.5 Spaces per 1,000 SF Leased)
Frontage
341 FT on Senoia Road
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 09F-0703-0027-048-3 | Improvements Assessment | $0 |
| Land Assessment | $92,488 | Total Assessment | $92,488 |
PROPERTY TAXES
Parcel Number
09F-0703-0027-048-3
Land Assessment
$92,488
Improvements Assessment
$0
Total Assessment
$92,488
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Popeyes- New Construction - 15 YR Lease | 8350 Senoia Rd
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