For Sale
$2,426,000

3506 Memorial DrDecatur, GA 30032

High-Yield Decatur, GA Popeyes

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple owned Popeyes restaurant located at 3506 Memorial Dr, Decatur, GA 30032. The property boasts a 2,610 square foot building on a 0.87-acre lot with 40 parking spaces. Built in 1985 and renovated in 2021, this single-tenant property benefits from a corporate-guaranteed Absolute NNN lease with 17.1 years remaining until December 31, 2041, with four 5-year renewal options. The lease commenced January 1, 1993, and includes 2% annual rent increases. The property enjoys a prime location off I-20, at a hard corner intersection in Belvedere Plaza, a top-performing location according to Placer.ai data. The strong demographics within a 5-mile radius of Downtown Atlanta contribute to the property's consistent performance. The current Net Operating Income (NOI) is $127,345, resulting in a 5.25% capitalization rate. The asking price is $2,426,000. The property is zoned commercial and features a single building with 100% occupancy. Parcel number is 15 200 01 002. This is a truly passive investment opportunity with zero landlord responsibilities.

Highlights

  • 17-Year Lease Term Remaining with Options to Extend; 30+ Year Operating History; Corporate Guarantee.
  • Absolute NNN Lease; Fee Simple Ownership; No Landlord Responsibilities.
  • High-Visibility Corner Location at Belvedere Plaza, I-20 proximity; Top-performing location per Placer.ai data.
  • Strong Demographics within a 5-Mile Radius; Downtown Atlanta proximity.

Property Details for 3506 Memorial Dr

Property type
Retail properties
Square Feet
2,610 SF
Year Built/Renovated
1985/2021
Buildings
1
Lot Size (sq. ft)
37,897 SF

Location Insight

City
Decatur
County
DeKalb
State
Georgia
Latitude
33.7541189
Longitude
-84.2696779
3506 Memorial Dr, Decatur, Georgia

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3506 Memorial Dr
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