4275 Atlanta HwyBogart, GA 30622

Property Details for 4275 Atlanta Hwy

Year built

2001

Lot size

1.17 AC

Property size (Sq ft)

1,661 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 1,661 square foot Sonic Drive-In restaurant located at 4275 Atlanta Hwy, Bogart, GA 30622. The property sits on a 1.17-acre lot and boasts a strong 5.73% cap rate, generating a substantial NOI of $125,975. The property is currently 100% occupied under a 20-year NNN lease with a Sonic franchisee, commencing March 2022, featuring a base rent of $10,500 per month and 1.5% annual escalations after the initial five years. All operating expenses are the tenant's responsibility, providing significant investor protection. The lease includes four additional 5-year renewal options, ensuring long-term stability and predictable cash flow. The property is classified as a Class B retail building, constructed in 2001, and zoned for general commercial use. Its strategic location near national retailers such as Sam's Club, Publix, Aldi, and Academy Sports further enhances its value and appeal. This single-tenant, core investment property offers a compelling combination of strong tenant credit, a favorable lease structure, and a desirable location, making it an attractive addition to any portfolio. The asking price is $2,200,000, representing a price per square foot of $1,324.50. The property's APN is 044B-004-A.

Location Insight

City

Bogart

County

Clarke

State

Georgia

Latitude

33.9401

Longitude

-83.4833

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