For Sale
$3,300,000

0 Nwq Poplar Rd & Newnan Xing BypNewnan, GA 30263

High-Yield NNN Lease, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 5,312 square foot QuikTrip convenience store and gas station situated on a 2.24-acre lot in Newnan, Georgia. Built in 2024, the property boasts a 15-year absolute NNN ground lease with a corporate guarantee from QuikTrip, a leading convenience store chain. The lease features attractive 7% rent bumps every five years and seven, five-year renewal options, ensuring long-term, stable income. The property's strategic location along the I-85 corridor (62,000 vehicles per day) in a high-traffic retail area with over 5.4 million annual visitors places it near Ashley Park (716,000 square feet), a new 225-acre residential community, Piedmont Newnan Hospital (217 beds, 1,000+ employees), and a new Mercedes-Benz service center. With a current NOI of $140,000 and a cap rate of 4.25%, this below-replacement-cost offering presents a compelling investment with significant upside potential. The asking price is $3,300,000, translating to $621.23 per square foot. The lease commenced on May 31, 2024, and expires on May 31, 2039, leaving a remaining term of approximately 14.5 years. This property offers a rare opportunity to acquire a high-performing asset in a rapidly growing market, just 30 minutes from downtown Atlanta. The strong tenant, favorable lease terms, and prime location make this an ideal addition to any investment portfolio.

Highlights

  • 2024-built, 5,312 SF building on a 2.24-acre lot.
  • 15-year corporate ground lease with 7% rent increases every five years.
  • Exceptional purchase price for a QuikTrip property.
  • QuikTrip (QT): Over 1,000 locations, 7th largest convenience store chain in the US.
  • Prime I-85 corridor location (62,000 VPD), near major retail (Ashley Park) and residential development.
  • Across from Piedmont Newnan Hospital and a new Mercedes-Benz service center.

Property Details for 0 Nwq Poplar Rd & Newnan Xing Byp

Property type
Retail properties, Retail space
Square Feet
5,312 SF
Year Built
2024
Lot Size (sq. ft)
97,574 SF

Location Insight

City
Newnan
County
Coweta
State
Georgia
Latitude
33.3608228
Longitude
-84.765743
Nwq Poplar Rd & Newnan Xing Byp, Newnan, Georgia

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0 Nwq Poplar Rd & Newnan Xing Byp
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