For Sale
$3,000,000

8350 Senoia RdFairburn, GA 30213

High-growth QSR, 15-year lease, 6% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a newly constructed, free-standing Popeyes restaurant in Fairburn, Georgia. The property boasts a 15-year absolute NNN lease, commencing upon closing in Q3 2023, with a strong franchisee operator managing multiple successful QSR locations in the Atlanta area, including Popeyes, Tim Hortons, Moe's, and Checkers. The lease includes attractive 7.5% rent increases every five years and two five-year renewal options, ensuring long-term, stable income. The 2,200 square foot building sits on approximately 0.8 to 1 acre of land and is situated on a main retail thoroughfare in Fairburn, offering excellent visibility and accessibility. The property's location benefits from a high-density population (74,232 people within a 5-mile radius) and a strong average household income ($96,328 within a 1-mile radius). The asking price is $3,000,000, representing a compelling 6% capitalization rate and a price per square foot of $1,363.64. This is a rare chance to acquire a high-performing asset in a rapidly growing market with a proven tenant and a secure, long-term lease. The property is classified as Class A and offers a 100% occupancy rate with a current net operating income (NOI) of $180,000. The single-story building was constructed in 2023.

Highlights

  • New construction, Q3 2023 completion.
  • 15-year absolute NNN lease, 7.5% rent increases every 5 years, two 5-year options.
  • Popeyes, a rapidly expanding QSR brand, is the tenant.
  • Sale-leaseback; strong franchisee operator with diverse portfolio (Popeyes, Tim Hortons, Checkers, Moe's).
  • Excellent Fairburn location on I-85's main retail corridor in an affluent area.
  • Strong demographics: 74,232 residents within 5 miles, $96,328 average household income within 1 mile.

Property Details for 8350 Senoia Rd

Property type
Retail properties, Restaurants
Square Feet
2,200 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
34,848 SF
Units
1

Location Insight

City
Fairburn
County
Fulton
State
Georgia
Latitude
33.529663417728
Longitude
-84.575584923482
8350 Senoia Rd, Fairburn, Georgia

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8350 Senoia Rd
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