0 Nwq Poplar Rd & Newnan Xing BypNewnan, GA 30263

Property Details for 0 Nwq Poplar Rd & Newnan Xing Byp

Year built

2024

Lot size

2.24 AC

Property size (Sq ft)

5,312 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 5,312 square foot QuikTrip convenience store and gas station situated on a 2.24-acre lot in Newnan, Georgia. Built in 2024, the property boasts a 15-year absolute NNN ground lease with a corporate guarantee from QuikTrip, a leading convenience store chain. The lease features attractive 7% rent bumps every five years and seven, five-year renewal options, ensuring long-term, stable income. The property's strategic location along the I-85 corridor (62,000 vehicles per day) in a high-traffic retail area with over 5.4 million annual visitors places it near Ashley Park (716,000 square feet), a new 225-acre residential community, Piedmont Newnan Hospital (217 beds, 1,000+ employees), and a new Mercedes-Benz service center. With a current NOI of $140,000 and a cap rate of 4.25%, this below-replacement-cost offering presents a compelling investment with significant upside potential. The asking price is $3,300,000, translating to $621.23 per square foot. The lease commenced on May 31, 2024, and expires on May 31, 2039, leaving a remaining term of approximately 14.5 years. This property offers a rare opportunity to acquire a high-performing asset in a rapidly growing market, just 30 minutes from downtown Atlanta. The strong tenant, favorable lease terms, and prime location make this an ideal addition to any investment portfolio.

Location Insight

City

Newnan

County

Coweta

State

Georgia

Latitude

33.3608

Longitude

-84.7657

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