For Sale
$1,728,000

133 Bankhead HwyCarrollton, GA 30117

Prime QSR location, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 2,524 square foot Wendy's ground lease in Carrollton, Georgia. Located at 133 Bankhead Hwy, 30117, this absolute NNN net lease boasts a 13-year remaining term (expiring 10/31/2037) with built-in 10% rent increases every five years. The property, constructed in 2022, sits on a 0.77-acre lot and enjoys a high-traffic location with over 35,000 vehicles passing daily. The site benefits from proximity to a Regal movie theater, hotels, and numerous other national and local businesses, including Chick-fil-A, McDonald's, and Wells Fargo. The strong demographics of the area, with 45,568 residents within a five-mile radius and an average household income of $76,073, further enhance the investment potential. The property's strategic location near major transportation arteries, including State Route 166/Bankhead Highway and Northside Drive, ensures excellent visibility and accessibility. The current NOI is $95,000, resulting in a 5.50% cap rate, and the asking price is $1,728,000. This offering is ideal for a 1031 exchange. The experienced franchisee operating this location has a proven track record with over 40 units and 50 years of experience with the Wendy's brand. The property's location near Tanner Medical Center, the University of West Georgia, and West Georgia Technical College provides a consistent flow of customers. The thriving business climate of Georgia, consistently ranked among the top states for business, adds to the long-term value of this investment.

Highlights

  • High-visibility Wendy's location on SR 166/Bankhead Highway (35,200 AADT) at the signalized intersection of Northside Drive (15,600 AADT).
  • Excellent proximity to Regal Carrollton Movie Theater, Red Roof Inn & Suites.
  • Strong co-tenancy with Chick-fil-A, Wells Fargo, Enterprise, LongHorn Steakhouse, McDonald's, and Waffle House.
  • Three miles from Tanner Medical Center (181 beds), minutes from University of West Georgia (13,419 students) and West Georgia Technical College (8,913 students).
  • Nearby apartment complexes totaling over 260 units.
  • High population density (45,568 residents) with strong average household income ($76,073) projected to increase 15% by 2027.

Property Details for 133 Bankhead Hwy

Property type
Retail properties, Retail space
Square Feet
2,524 SF
Year Built
2022
Lot Size (sq. ft)
33,541 SF

Location Insight

City
Carrollton
County
Carroll
State
Georgia
Latitude
33.5804066
Longitude
-85.0648848
133 Bankhead Hwy, Carrollton, Georgia

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133 Bankhead Hwy
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