3150 Turner Hl RdStonecrest, GA 30038

Property Details for 3150 Turner Hl Rd

Year built

2017

Lot size

2.02 AC

Property size (Sq ft)

4,597 SF

Zone code

X

Property type

Retail properties

Property subtype

Turn key restaurants

APN

16 182 01 013

APU

1618201013

Description

This exceptional investment opportunity presents a 3,962-square-foot Bojangles restaurant situated on a 2.02-acre lot at 3150 Turner Hill Road, Lithonia, Georgia 30038. The property boasts a strong 13-year remaining lease term (expiring November 30, 2037), with a favorable 10% rent increase every five years, providing a hedge against inflation. The absolute triple-net (NNN) lease structure ensures zero landlord responsibilities. The property's Net Operating Income (NOI) is $224,400, resulting in a 7.00% cap rate, and the asking price is $3,205,714 ($809.12 per square foot). Built in 2017, this single-tenant property enjoys 100% occupancy with a franchisee tenant. Its strategic location is adjacent to a Walmart Supercenter and within 0.5 miles of the 1,162,000-square-foot Stonecrest Mall, featuring over 120 stores, ensuring high visibility and traffic. The property benefits from its proximity to Highway 20, connecting Atlanta, GA to Columbia, SC, and is surrounded by other popular retailers including Chick-fil-A, McDonald's, Taco Bell, Panera Bread, Olive Garden, Zaxby's, Firehouse Subs, and Petco. The lease commenced March 7, 2016, and includes four 5-year renewal options. Lithonia's demographics align perfectly with the Bojangles brand, making this a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $1,451,962

  6.5%

  $1,340,273

  7%

  $1,244,539

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,259,661

  Geo Method

  $2,259,661

• Alternative Use

  Use

  Valuation

  Residential

  $1,130,570

  Hospitality

  $1,035,596

  Educational

  $861,604

  Medical

  $891,236

  Retail

  $1,340,273

Location Insight

City

Lithonia

County

Dekalb

State

Georgia

Latitude

33.6904

Longitude

-84.088

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].