36 Merchants Ave Blairsville, GA 30512
Georgia Sonic: Fee Simple, High NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Brand new Sonic Drive-In, 20-year absolute NNN lease with 10% rent increases every five years and four 5-year renewal options.
- Fee simple ownership with zero landlord responsibilities; corporate guarantee from Sonic.
- Excellent location in dense retail corridor near Union General Hospital and schools, strong demographics.
- High visibility on Young Harris Hwy (20,100 VPD), ample parking.
- 1,246 SF building on 1.15-acre lot, $2,381,000 asking price ($1,910.91/SF), 5.25% cap rate, $125,000 NOI.
Property Details for 36 Merchants Ave
- Property type
- Retail properties, Restaurants
- Square Feet
- 1,246 SF
- Year Built
- 2024
- Lot Size (sq. ft)
- 50,094 SF
Location Insight
- City
- Blairsville
- County
- Union
- State
- Georgia
- Latitude
- 34.8821527
- Longitude
- -83.9478803
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Georgia Sonic: Fee Simple, High NOI
- Where is the retail property located?
- The property is located at 36 Merchants Ave Blairsville, GA.
- What is the asking price?
- The asking price for this property is $2,381,000.
- What are key features of this property?
- This property features: Brand new Sonic Drive-In, 20-year absolute NNN lease with 10% rent increases every five years and four 5-year renewal options.; Fee simple ownership with zero landlord responsibilities; corporate guarantee from Sonic.; Excellent location in dense retail corridor near Union General Hospital and schools, strong demographics.
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