1770 Scenic HwySnellville, GA 30078

Property Details for 1770 Scenic Hwy

Year built

2016

Construction

WOOD

Lot size

1.35 AC

Property size (Sq ft)

3,332 SF

Zone code

BG-GENERAL BUSINESS

Property type

Drive through restaurants

APN

5-056 -367

APU

5056367

Description

This exceptional investment opportunity presents a fee simple interest (ground lease) in a 3,332 square foot Freddy's Frozen Custard & Steakburgers restaurant located at 1770 Scenic Hwy N, Snellville, GA 30078. The property sits on a 1.35-acre lot and boasts a 5.40% cap rate with a current NOI of $164,890. The absolute NNN ground lease features a 15-year term commencing August 1, 2016, and expiring July 31, 2031, with 6.7 years remaining and three 5-year options to extend. The lease includes 10% rent bumps every five years and at the beginning of each option period, providing built-in rent growth and inflation protection. The tenant, a franchisee of JRI Hospitality, is the largest Freddy's franchisee, operating over 80 restaurants across 15 states. This prime location is situated on a signalized, hard corner intersection of Scenic Highway North and Tree Lane, averaging 57,400 vehicles daily. The property benefits from a dense retail corridor with strong tenant synergy, including nearby national retailers such as Chipotle, Outback, Zaxby's, McDonald's, Kroger, Home Depot, Target, Best Buy, Ross, Lowe's, and Walmart. The 5-mile trade area boasts over 195,000 residents and 43,000 employees, with an affluent average household income exceeding $130,000 within a 1-mile radius. The property offers a management-free investment opportunity with zero landlord responsibilities, as the tenant covers all CAM, taxes, and insurance. This is an ideal investment for a passive investor seeking strong returns and long-term stability. The asking price is $3,050,000, representing a price per square foot of $915.37. Built in 2016, the property enjoys 100% occupancy.

Location Insight

City

Snellville

County

Gwinnett

State

Georgia

Latitude

33.8795

Longitude

-84.0112

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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