For Sale
$2,200,000

4275 Atlanta HwyBogart, GA 30622

High-Yield QSR in Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 1,661 square foot Sonic Drive-In restaurant located at 4275 Atlanta Hwy, Bogart, GA 30622. The property sits on a 1.17-acre lot and boasts a strong 5.73% cap rate, generating a substantial NOI of $125,975. The property is currently 100% occupied under a 20-year NNN lease with a Sonic franchisee, commencing March 2022, featuring a base rent of $10,500 per month and 1.5% annual escalations after the initial five years. All operating expenses are the tenant's responsibility, providing significant investor protection. The lease includes four additional 5-year renewal options, ensuring long-term stability and predictable cash flow. The property is classified as a Class B retail building, constructed in 2001, and zoned for general commercial use. Its strategic location near national retailers such as Sam's Club, Publix, Aldi, and Academy Sports further enhances its value and appeal. This single-tenant, core investment property offers a compelling combination of strong tenant credit, a favorable lease structure, and a desirable location, making it an attractive addition to any portfolio. The asking price is $2,200,000, representing a price per square foot of $1,324.50. The property's APN is 044B-004-A.

Highlights

  • 1,661 SF Sonic Drive-In on 1.17-acre lot in Bogart, GA.
  • 20-year NNN lease with four 5-year options; lease commenced March 2022.
  • $10,500/month base rent with 1.5% annual escalations after year five.
  • Strong tenant (AFG SR Bogart, LLC dba Sonic Drive-In) in a high-traffic location near Sam's Club, Publix, Aldi, and Academy Sports.
  • 5.73% cap rate, $125,975 NOI, $2,200,000 asking price ($1,324.50/SF).

Property Details for 4275 Atlanta Hwy

Property type
Retail properties
Square Feet
1,661 SF
Class
B
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
50,965 SF
Units
1

Location Insight

City
Bogart
County
Clarke
State
Georgia
Latitude
33.9400781
Longitude
-83.4832996
4275 Atlanta Hwy, Bogart, Georgia

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4275 Atlanta Hwy
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