975 Glynn St
Fayetteville, GA 30214
Retail Property For Sale

The subject property is a freestanding NNN Hardee’s located on Glynn Street in the main retail corridor of Fayetteville, GA, which is approximately 20 miles south of downtown Atlanta. The Hardee’s is well positioned on Glynn Street (33,000+ ADT) sitting directly across the street from a large Kroger anchored center and adjacent to a brand new 70 +/- unit townhome development with 30,000 +/- sf of retail. The property also sits within a mile of Fayette Pavilion, a 1.5M sf power center anchored by Home Depot, Walmart, Target, Bed Bath & Beyond, Belk, Kohl’s, and Publix. Other national retailers in the immediate area include: Lowe’s, ALDI, Cinemark, Staples, Tractor Supply, Michaels, Walgreens, Chick-fil-A, and Taco Bell. Also, the Hardee’s is approximately six miles from Pinewood Atlanta Studios, which opened in 2014. Pinewood Atlanta Studios is the largest film and television production studio in the United States outside the state of California. It is a full-service film and entertainment studio complex comprised of 18 sound stages on 700 acres and is a world-class studio built for the production of film, television, music, and video games. With few natural barriers to limit development, tremendous population-growth over the past decade expanded the Atlanta MSA’s borders and the region now has a population of roughly 5.9 million people. Over the next five years the region is expected to add nearly 525,000 more residents. Atlanta currently ranks fifth in the nation in the number of Fortune 500 headquarters with 17 companies, including UPS, Home Depot, Delta Airlines, Coca-Cola, Aflac, and recently added Mercedes Benz. Atlanta continues to make strong gains in employment and ranks among the highest in the nation for job growth with adding nearly 400,000 jobs the last five years. A pro-business environment and affordability has helped Atlanta rise to second in the nation in job creation last year. Because of this growth, retail sales have grown nearly 5 percent over the previous 12-month period, exceeding the national pace of growth. The tenant, Empire Restaurants, LLC, signed a 20-year NNN Lease with 7.50% rental escalations in February 2013 and expires February 2033 (approximately 14 years remaining). Empire Restaurants, LLC is a 42-unit entity and is a subsidiary of Capstone Restaurant Group. Capstone Restaurant Group is a collection of affiliated companies that operates and franchise over 300+ restaurants in 16 states through a variety of brands that include Carl’s Jr, Hardee’s, Taco Bell, Dunkin Donut and Pizza Hut Express. The company’s main focus is on Hardee’s and Carl’s Jr where they have almost 300 restaurants. They were founded in 2010 with just 40 restaurants and through a series of acquisitions and organic growth have climbed their way to the second largest franchisee in the CKE Restaurants system.