For Sale
$2,985,000

1456 Newnan Crossing BlvdNewnan, GA 30265

Georgia QSR, 20-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 20-year absolute triple-net (NNN) lease for a Freddy's Frozen Custard & Steakburgers restaurant in Newnan, Georgia. Located within the Atlanta MSA, this property sits on a 1.01-acre lot in the $150 million Newnan Village Crossing development, a 125-acre multi-use project along I-85. The 2022-built, 100% occupied restaurant benefits from a strong tenant, JRI Hospitality, the largest Freddy's franchisee with over 80 locations. The lease includes 10% rent increases every five years, providing consistent growth potential. The property enjoys a prime location on a hard corner adjacent to a Kroger-anchored center, Summerlin Corners, and is surrounded by other major retailers including Publix, CVS, Walmart, Lowe's, and Home Depot. This high-traffic area boasts affluent demographics, with average household incomes nearing $100,000 and projected annual population growth of approximately 2.7% within a one-mile radius over the next five years. The asking price is $2,985,000, representing a 5.70% cap rate and a net operating income (NOI) of $170,000. The lease has a remaining term of 20 years with renewal options available in 4-5 year increments. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving market.

Highlights

  • Atlanta MSA location in affluent, rapidly growing area.
  • 20-year absolute triple-net (NNN) lease.
  • 10% rent increases every five years.
  • Affluent area with average household incomes near $100,000.
  • Projected 2.7% annual population growth within one mile over five years.
  • Hard corner location adjacent to Kroger-anchored Summerlin Corners, near Publix, CVS, Walmart.

Property Details for 1456 Newnan Crossing Blvd

Property type
Retail properties, Restaurants
Year Built
2022
Lot Size (sq. ft)
43,996 SF

Location Insight

City
Newnan
County
Coweta
State
Georgia
Latitude
33.3781394
Longitude
-84.7548348
1456 Newnan Crossing Blvd, Newnan, Georgia

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1456 Newnan Crossing Blvd
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