For Sale
$2,120,000

885 Glynn StFayetteville, GA 30214

High-yield, corporate-guaranteed Sonic lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 1,200 square foot Sonic restaurant situated on a 0.69-acre lot in Fayetteville, Georgia. Built in 2024, this single-story building features a double drive-thru lane, a key element of the new drive-thru prototype design. The property boasts a 15-year absolute NNN ground lease with a corporate guarantee from Sonic, a leading QSR brand. Rent increases by 10% every five years, ensuring consistent income growth. The lease includes four 5-year renewal options, providing long-term stability. The property generates a strong net operating income (NOI) of $132,500, resulting in a 6.25% cap rate. Strategically located as an outparcel to Banks Station Shopping Center, this site benefits from high visibility at the signalized intersection of State Highway 85, State Highway 314, and N Jeff Davis Dr, with combined daily traffic exceeding 72,000 vehicles. The location is further enhanced by its proximity to Fayette Pavilion, a top-performing power center, and enjoys a strong demographic profile, with an average household income of $101,522 within a 3-mile radius. This prime location, coupled with the strength of the Sonic brand and the favorable lease terms, makes this a compelling investment opportunity. The asking price is $2,120,000, representing a price per square foot of $1,766.67. The property is currently 100% occupied. This is a rare chance to acquire a high-performing, low-risk investment in a thriving market.

Highlights

  • 15-year absolute NNN ground lease with 10% rent increases every 5 years.
  • New drive-thru prototype with double drive-thru lanes.
  • Corporate-guaranteed lease; Sonic ranked #13 in QSR Magazine's 2023 Top 50, showing 25.8% two-year same-store sales growth.
  • Outparcel to Banks Station Shopping Center, anchored by Food Depot, Tractor Supply Co., and Staples.
  • Signalized intersection of three major roadways (SH 85, SH 314, N Jeff Davis Dr) with over 72,000 vehicles per day.
  • One mile from Fayette Pavilion, a top-performing power center (91st percentile nationally) including Publix, Target, Home Depot, and Ross.

Property Details for 885 Glynn St

Property type
Retail properties, Restaurants
Square Feet
1,200 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
30,056 SF

Location Insight

City
Fayetteville
County
Fayette
State
Georgia
Latitude
33.464137
Longitude
-84.448731
885 Glynn St, Fayetteville, Georgia

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885 Glynn St
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