For Sale
$2,429,000

109 Habersham Hills CirCornelia, GA 30531

Georgia QSR Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 2023-constructed Sonic Drive-In restaurant located at 109 Habersham Hills Cir, Cornelia, GA 30531. The property boasts a 931 square foot building situated on a 1.45-acre lot, offering 25 parking spaces. This absolute NNN ground lease with a corporate guarantee from SRI Operating Company provides zero landlord responsibilities. The lease features a substantial 18.7-year remaining term (expiring 07/30/2043) with 10% rent bumps every five years. The property enjoys high visibility at a signalized intersection of US 441 & Cannon Bridge Rd (35,000 vehicles per day). It's an outparcel to a thriving shopping center anchored by Tractor Supply and Ross. The strong location benefits from significant population growth (26.18% from 2010-2023) and proximity to major employers including Fieldale Farms, Ethicon, Northeast Georgia Medical Center, and Piedmont University. The asking price is $2,429,000, representing a 5.25% cap rate and a price per square foot of $2,609.02. The property's NOI is $127,500, and it currently has 100% occupancy. Lease options of 4 or 5 years are available. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a rapidly growing market. The property is zoned commercial and benefits from its location within a primary retail corridor with over 1.1 million square feet of retail space within a two-mile radius and close proximity to numerous national retailers.

Highlights

  • $2,429,000 asking price for this 931 square foot Sonic restaurant.
  • Absolute NNN ground lease with a corporate guarantee from SRI Operating Company.
  • 18.7 years remaining on the lease, expiring July 30, 2043, with 10% rent bumps every 5 years.
  • 5.25% cap rate and $127,500 annual NOI.
  • Located on a 1.45-acre lot with 25 parking spaces at a signalized intersection of US 441 & Cannon Bridge Rd, in a high-traffic area.

Property Details for 109 Habersham Hills Cir

Property type
Retail properties
Square Feet
931 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
63,162 SF
Units
1

Location Insight

City
Cornelia
County
Habersham
State
Georgia
Latitude
34.5434897
Longitude
-83.5434581
109 Habersham Hills Cir, Cornelia, Georgia

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109 Habersham Hills Cir
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