6021 Hickory Flat HwyCanton, GA 30115

Property Details for 6021 Hickory Flat Hwy

Year built

2024

Lot size

1.68 AC

Property size (Sq ft)

1,900 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Canton

County

Cherokee

State

Georgia

Latitude

34.1776

Longitude

-84.4229

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