For Sale
$2,381,000

36 Merchants Ave Blairsville, GA 30512

Georgia Sonic: Fee Simple, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a brand-new, fee-simple Sonic Drive-In restaurant located at 36 Merchants Ave, Blairsville, GA 30512. Built in 2024, this 1,246 square foot QSR boasts a strong 100% occupancy rate under a 20-year Absolute NNN lease with a corporate guarantee from Sonic. The lease includes four 5-year renewal options, with 10% rental increases every five years, ensuring consistent income growth. The property sits on a 1.15-acre lot with ample parking (18 spaces) and benefits from excellent visibility and access along Young Harris Highway (20,100 vehicles per day). The property's Net Operating Income (NOI) is $125,000, resulting in a 5.25% cap rate. The asking price is $2,381,000 ($1,910.91 per square foot). This prime location in a dense retail corridor is further enhanced by its proximity to Union General Hospital and nearby schools, serving a strong demographic area with six-figure incomes. The property is zoned for General Commercial use and features a robust tenant with a proven track record. This is a rare opportunity to acquire a high-performing, low-maintenance investment with significant long-term potential. The APN is 085 105 B.

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

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.
How can I contact the broker?
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36 Merchants Ave
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