5259 Stone Mountain HwyStone Mountain, GA 30087
- Retail properties
- 3,552 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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