3506 Memorial DrDecatur, GA 30032

Property Details for 3506 Memorial Dr

Year built

1985

Construction

WOOD FRAME

Lot size

0.87 AC

Property size (Sq ft)

2,610 SF

Zone code

X

Property type

Retail properties

Property subtype

Turn key restaurants

APN

15 200 01 002

APU

1520001002

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $824,369

  6.5%

  $760,956

  7%

  $706,602

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,282,949

  Geo Method

  $1,282,949

• Alternative Use

  Use

  Valuation

  Residential

  $641,894

  Hospitality

  $587,972

  Educational

  $489,186

  Medical

  $506,010

  Retail

  $760,956

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Latitude

33.7541

Longitude

-84.2697

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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