For Sale
$2,591,000

6021 Hickory Flat HwyCanton, GA 30115

High-Growth GA QSR Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 1,900 square foot Popeyes restaurant situated on a 1.68-acre lot in Hickory Flat, Georgia. Built in 2024, this property boasts a 15-year absolute NNN lease with 10% rent bumps every five years, providing a strong hedge against inflation. The property's strategic location on Hickory Flat Highway, near a major intersection and surrounded by national retailers like Publix, Home Depot, and Walmart, ensures high visibility and consistent traffic. The site benefits from its proximity to The Outlet Shoppes at Atlanta, attracting significant foot traffic. The thriving community of Canton, part of the Atlanta MSA, boasts an average household income of $173,953 and a projected population growth to 72,947 by 2029. The Popeyes location features a dual-lane drive-thru, capturing 80% of its business, and benefits from the brand's expansion plans and strong performance. With a current NOI of $142,505 and an asking price of $2,591,000, this property offers a compelling 5.50% cap rate. The property is ideally suited for a 1031 exchange. Easy access to Interstate 575 further enhances its appeal. This is a turnkey investment with significant long-term growth potential.

Highlights

  • High-visibility Popeyes location on Hickory Flat Hwy in Canton, GA, within the Atlanta MSA.
  • Strong retail corridor location near Publix, Home Depot, Kroger, CVS, and Walmart.
  • Proximity to The Outlet Shoppes at Atlanta drives significant traffic.
  • High average household income ($173,953) and strong population growth (projected 72,947 residents by 2029 within a 5-mile radius).
  • Convenient access to I-575, attracting both local and regional customers.

Property Details for 6021 Hickory Flat Hwy

Property type
Retail properties, Retail space
Square Feet
1,900 SF
Year Built
2024
Lot Size (sq. ft)
73,181 SF

Location Insight

City
Canton
County
Cherokee
State
Georgia
Latitude
34.177608751315
Longitude
-84.422920093052
6021 Hickory Flat Hwy, Canton, Georgia

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6021 Hickory Flat Hwy
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