For Sale
$2,481,182

603 Martin Luther King Junior DrCartersville, GA 30121

2,695 SF Retail Building in Cartersville, GA 30121

Overview

Added:
Jan 24
Days on market:
72
The subject property is a freestanding Popeyes drive-thru located in Cartersville (Atlanta MSA), GA. Built in 2019, the property is under a long-term absolute NNN lease with 10% rental increases every 5-years in the primary term and in the (4) five-year option periods.
This Popeyes is strategically located in a dense retail trade area at a busy signalized intersection and hard corner. The site benefits from its excellent access and visibility along the most heavily trafficked thoroughfare in Cartersville (US Hwy 41), which boasts over 35,000 vehicles per day. The Cartersville population has been rapidly growing and is expected to grow another 5.0% over the next 5-years. National retailers in the immediate vicinity include ALDI, McDonald’s, Target, Hobby Lobby, Big Lots, O’Reilly Auto Parts, Wendy’s, Dollar General, Walgreens, Burger King, CVS Pharmacy, Discount Tire, PetSmart, Verizon, Chick-Fil-A, Publix, TJ-Maxx, Kohl’s, Five Guys, T-Mobile, GameStop, Chili’s, IHOP, Freddy’s, AT&T, Starbucks, Kroger, Wells Fargo, Taco Bell, Chipotle, Longhorn Steakhouse, and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.

Highlights

  • Long-Term Absolute NNN Lease (Zero Landlord Responsibilities) 10% Rent Increases Every 5-Years in Primary Term & Options Located at Busy Signalized Intersection & Hard Corner Traffic Counts Exceed 41,000 Vehicles Per Day Dense Retail Trade Area with Excellent Access & Visibility 5.0% Expected Population Growth Over the Next 5-Years (Atlanta is the Most Populated & Fastest Growing Metro in the State)

Property Details for 603 Martin Luther King Junior Dr

Property type
Retail properties
Square Feet
2,695 SF
Price / Square Foot
$920.66
Class
B
Year Built
2019
Buildings
1
Stories
1
Elevators
N/A
Net Rentable (sq. ft)
2,695 SF
Lot Size (sq. ft)
52,272 SF
Net Operating Income
$163,758

Location Insight

City
Cartersville
County
State
Georgia

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603 Martin Luther King Junior Dr
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