For Sale
$1,800,000

5253 Jefferson RdAthens, GA 30607

Athens, GA: 20-Year NNN Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 20-year absolute triple-net (NNN) ground lease for a Taco Bell restaurant in Athens, Georgia. Located on a 0.69-acre lot at 5253 Jefferson Rd, this 2,000 square foot property boasts excellent visibility and access, with 27,000 vehicles passing daily. The lease commenced February 1, 2025, and includes 10% rent increases every five years, along with four, five-year renewal options. The tenant, a franchisee with a proven track record, operates multiple Taco Bell and Dunkin' locations. The property features 20 parking spaces and is strategically positioned near a Publix-anchored center and a 296-unit apartment complex, ensuring high traffic and strong demographics. The property benefits from a robust trade area with a high average household income and proximity to the University of Georgia and Piedmont Athens Regional Hospital. This stabilized investment offers a 5.00% cap rate and a substantial net operating income (NOI) of $90,000. The property's location and strong tenant provide a secure and profitable investment opportunity. The lease expires January 30, 2045. The building was constructed in 2025 and is currently 100% occupied.

Highlights

  • High-traffic location at the entrance to a Publix-anchored shopping center and a 296-unit apartment complex, on a 0.69-acre parcel.
  • Strong demographics: 121,871 residents in the trade area with an average household income of $90,840 within a 3-mile radius.
  • Excellent visibility and access: 27,000 vehicles per day on Jefferson Rd, with direct downtown Athens access.
  • Proximity to University of Georgia: Significant student and employee population, generating over $7.6 billion in economic impact.
  • Near Piedmont Athens Regional Hospital: A major 427-bed medical facility employing 3,300.
  • Convenient location: 5 miles from downtown Athens, Georgia's 6th largest city.

Property Details for 5253 Jefferson Rd

Property type
Retail properties
Square Feet
2,000 SF
Year Built
2025
Lot Size (sq. ft)
30,056 SF

Location Insight

City
Athens
County
Clarke
State
Georgia
Latitude
33.9930909
Longitude
-83.4361868
5253 Jefferson Rd, Athens, Georgia

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5253 Jefferson Rd
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