For Sale
$16,209,130

3670 Camp Creek PkwyAtlanta, GA 30344

Four-location NNN restaurant portfolio

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a portfolio of four TGI Fridays restaurants, strategically located across Georgia and Maryland. The portfolio boasts a strong 6.90% cap rate and a substantial net operating income (NOI) of $1,118,430. The absolute NNN leases, with zero landlord responsibilities, provide a passive income stream with minimal management overhead. Each location benefits from high visibility, excellent signage, and significant traffic counts, ensuring consistent performance. The leases feature built-in rent bumps and four 5-year renewal options, providing long-term stability and growth potential. With a remaining lease term of 12 years, extending to November 30, 2036, this portfolio offers a secure and lucrative investment. Three of the four locations are situated within the Atlanta metropolitan area, a dynamic market with a population exceeding 6 million. The fourth location is in Greenbelt, Maryland. The portfolio is currently 100% occupied and operated by Jackmont Hospitality Inc., a reputable regional operator with a 40-year track record. This is a rare opportunity to acquire a well-established, high-performing restaurant portfolio with significant upside potential. The asking price is $16,209,130.

Highlights

  • Four TGI Fridays restaurants in Georgia and Maryland, offering a 6.90% cap rate and $1,118,430 NOI.
  • Absolute NNN leases with zero landlord responsibilities, providing a passive income stream.
  • High-visibility locations with strong traffic counts and built-in rent bumps, plus four 5-year renewal options.
  • 12-year remaining lease term (to 11/30/2036), 100% occupancy, and operated by Jackmont Hospitality Inc. (40-year track record).
  • Asking price: $16,209,130.

Property Details for 3670 Camp Creek Pkwy

Property type
Retail properties, Restaurants
Units
4

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.655076
Longitude
-84.5087013
3670 Camp Creek Pkwy, Atlanta, Georgia

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3670 Camp Creek Pkwy
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