36 Merchants AveBlairsville, GA 30512

Property Details for 36 Merchants Ave

Year built

2024

Lot size

1.15 AC

Property size (Sq ft)

1,246 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Blairsville

County

Union

State

Georgia

Latitude

34.8822

Longitude

-83.9479

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