For Sale
$2,688,000

6741 Veterans Pkwy Columbus, GA 31909

High-yield, NNN-leased QSR

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a newly constructed, free-standing Popeyes restaurant in Columbus, Georgia. The property boasts a 2,200-square-foot building, constructed and renovated in 2023, situated on a prime retail location at 6741 Veterans Pkwy, 31909. The property benefits from a 15-year absolute NNN lease with a strong franchisee operator, who also manages other successful QSR brands. The lease includes a 7.5% rent increase every five years, providing significant long-term growth potential, and includes two 5-year renewal options. The property's strong performance is reflected in its 6.25% cap rate and $168,000 annual net operating income (NOI). The asking price is $2,688,000, translating to $1,221.82 per square foot. The location is ideal, positioned off I-185 on a major retail thoroughfare in a high-income area of Columbus, serving a population of over 122,793 within a 5-mile radius, with an average household income exceeding $98,572 within a 1-mile radius. The proximity to Fort Benning, supporting over 120,000 active military personnel, families, retirees, and employees, further enhances the property's appeal and ensures a consistent customer base. This is a rare opportunity to acquire a high-performing, established restaurant in a rapidly growing market.

Highlights

  • New construction, Q1 2023 completion.
  • 5-year absolute NNN lease, 7.5% increases every 5 years, two 5-year options.
  • Popeyes, a rapidly growing QSR brand, is the tenant.
  • Sale-leaseback; strong franchisee operates multiple QSR brands.
  • Excellent location on major retail thoroughfare near I-185 in affluent Columbus area.
  • Dense population (122,793 within 5 miles) and high average household income ($98,572 within 1 mile).

Property Details for 6741 Veterans Pkwy

Property type
Retail properties, Restaurants
Square Feet
2,200 SF
Class
A
Year Built/Renovated
2023/2023
Buildings
1
Stories
1
Units
1

Location Insight

City
Columbus
County
Muscogee
State
Georgia
Latitude
32.542228
Longitude
-84.954978

FAQs

What type of property is this?
Retail property - High-yield, NNN-leased QSR
Where is the retail property located?
The property is located at 6741 Veterans Pkwy Columbus, GA.
What is the asking price?
The asking price for this property is $2,688,000.
What are key features of this property?
This property features: New construction, Q1 2023 completion.; 5-year absolute NNN lease, 7.5% increases every 5 years, two 5-year options.; Popeyes, a rapidly growing QSR brand, is the tenant.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6741 Veterans Pkwy
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