For Sale
$2,770,000

1220 Jonesboro RdMcDonough, GA 30253

High-yield NNN ground lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 3,418 square foot City Barbeque restaurant in McDonough, Georgia. Located at 1220 Jonesboro Rd, 30253, this property boasts a prime location within a dense retail corridor and benefits from high traffic volume due to its proximity to I-75 (approximately 195,000 vehicles per day). The building, constructed in 2024, features a convenient drive-thru and is situated on a 1.07-acre lot. The property is subject to a 12-year absolute NNN ground lease commencing April 1, 2024, and expiring March 31, 2036, with a remaining term of 11.4 years. The lease includes a corporate guarantee from City Barbeque, a rapidly expanding national BBQ chain, ensuring financial stability. Rent increases of 10% every five years provide significant long-term growth potential. The current annual net operating income (NOI) is $180,000, resulting in a 6.50% cap rate and a price per square foot of $810.42. This is a single-tenant, 100% occupied property offering a secure and lucrative investment opportunity in a high-growth market within the Atlanta MSA. The lease includes three 5-year renewal options.

Property Details for 1220 Jonesboro Rd

Property type
Retail properties, Restaurants
Square Feet
3,418 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
46,609 SF

Location Insight

City
McDonough
County
Henry
State
Georgia
Latitude
33.460564
Longitude
-84.1969249
1220 Jonesboro Rd, McDonough, Georgia

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1220 Jonesboro Rd
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