5259 Stone Mountain HwyStone Mountain, GA 30087

  • Retail properties
  • 3,552 SF
For Sale
$1,742,504 View listing

Property Details for 5259 Stone Mountain Hwy

Year built
1980
Lot size
0.82 AC
Property size (Sq ft)
3,552 SF
Zone code
C2-GENERAL BUSINESS
Property type
Retail properties
Property subtype
Drive through restaurants
APN
6-061 -072
APU
6061072

Description

This exceptional investment opportunity presents a fee-simple ownership of a 3,877 square foot Hardee's/Carl's Jr. restaurant located at 5259 Stone Mountain Hwy, Stone Mountain, GA 30087. The property sits on a 0.812-acre corner lot with 49 parking spaces, benefiting from its strategic location at a signalized intersection of major thoroughfares connecting Stone Mountain to the Atlanta MSA. Built in 1980, this single-tenant, absolute NNN leased property boasts a 5.75% cap rate and a strong NOI of $100,194. The current lease, with a franchisee tenant, commenced January 1, 2014, and expires December 31, 2033, leaving a substantial 9.1 years remaining. The lease includes four 5-year renewal options and features fixed 2.0% annual rent bumps, providing a hedge against inflation and ensuring consistent income growth. The asking price is $1,742,504, translating to a price per square foot of $449.45. This QSR property offers a passive investment with durable cash flow, benefiting from the tenant's long-term track record (nearly 45 years at this location) and the inherent resilience of the fast-food sector to economic downturns and e-commerce trends. The property's location in Gwinnett County, Georgia, further enhances its appeal, given Georgia's strong economic performance. The property was part of the Summit Restaurant Holdings LLC bankruptcy in 2023 and was subsequently acquired by ARC Burger LLC, an entity owned by High Bluff Capital Partners. APN: 6-061-072. 100% occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,121,899
    6.5%
    $1,035,599
    7%
    $961,628
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,745,990
    Geo Method
    $1,745,990
  • Alternative Use

    Use
    Valuation
    Residential
    $873,567
    Hospitality
    $800,182
    Educational
    $665,742
    Medical
    $688,638
    Retail
    $1,035,599
5259 Stone Mountain Hwy, Stone Mountain, Georgia

Location Insight

City
Stone Mountain
County
Gwinnett
State
Georgia
Latitude
33.8238
Longitude
-84.112
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,535
$171,600
$363,400
$535,000
-
$429,000
$908,500
$1,337,500

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