For Sale
$2,215,000

6510 Tara BlvdJonesboro, GA 30236

High-yield, NNN leased restaurant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a newly renovated, 3,933 square foot Tim Hortons restaurant in Jonesboro, Georgia. Located at 6510 Tara Blvd, this Class A property boasts a strong 15-year absolute NNN lease with a reputable franchisee operating multiple successful QSR locations. The lease includes 7.5% rent bumps every five years and two five-year renewal options, ensuring consistent income growth. The property sits on a 0.83-acre lot in a high-traffic area with over 35,000 cars passing daily. The building, constructed in 1978 and extensively renovated in 2024, benefits from a prime location near Clayton State University and Southern Regional Medical Center, serving a population exceeding 200,000 within a five-mile radius. The property's strong demographics, coupled with the tenant's proven track record and the rapid growth of the Tim Hortons brand, make this a compelling investment opportunity with a 6.50% cap rate and a current NOI of $144,000. The asking price is $2,215,000, representing a price per square foot of $563.18. The property is zoned GB and features one single-story building. This sale-leaseback transaction offers a secure, passive income stream with significant long-term potential.

Highlights

  • New construction, Q3 2024 delivery.
  • 15-year absolute NNN lease, 7.5% rent increases every 5 years, two 5-year options.
  • Sale-leaseback opportunity; tenant operates Popeyes, Tim Hortons, Checkers, and Moe's.
  • Strong tenant; Tim Hortons is a rapidly expanding QSR brand.
  • High-traffic location on Tara Blvd. (35,000+ VPD).
  • Dense population (200,000+ within 5 miles) and high average household income ($55,915 within 1 mile).

Property Details for 6510 Tara Blvd

Property type
Retail properties, Restaurants
Square Feet
3,933 SF
Class
A
Year Built/Renovated
1978/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
36,155 SF
Units
1

Location Insight

City
Jonesboro
County
Clayton
State
Georgia
Latitude
33.576682459716
Longitude
-84.372164996028
6510 Tara Blvd, Jonesboro, Georgia

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6510 Tara Blvd
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