7940 Senoia RdFairburn, GA 30213
- Retail properties
- 2,482 SF
Property Details for 7940 Senoia Rd
- Year built
- 2013
- Lot size
- 0.98 AC
- Property size (Sq ft)
- 2,482 SF
- Zone code
- C2
- Property type
- Retail properties
- Property subtype
- Drive through restaurants
- APN
- 09F070300320304
- APU
- 09F070300320304
Description
This exceptional investment opportunity presents a 2,460-square-foot, Class A, free-standing Tim Hortons restaurant in Fairburn, Georgia. Located at 7940 Senoia Rd, this single-tenant property boasts a prime location off I-85, directly facing a large multifamily development, ensuring high visibility and accessibility. The property, built in 2014 and renovated in 2024, sits on a 0.98-acre lot and is zoned C-2. Currently operating at 100% occupancy, the property features a new 15-year absolute NNN lease with a strong franchisee (also operating Popeyes, Moe's, and Checkers) that includes 7.5% rent bumps every five years and two five-year renewal options. The lease commenced upon closing. The property generates a substantial net operating income (NOI) of $144,000, representing a 6.50% cap rate and a price per square foot of $900.41. With a daily traffic count exceeding 29,000 vehicles on Senoia Road (GA 74) and a strong one-mile average household income of $86,062 projected to grow 21% in five years, this investment offers exceptional returns and long-term stability. This sale-leaseback transaction provides a secure investment with a proven, rapidly expanding brand in a high-growth area. The property's strong financials, coupled with its strategic location and long-term lease, make it an attractive addition to any portfolio.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $464,072
- 6.5%
- $428,375
- 7%
- $397,776
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,220,030
- Geo Method
- $1,220,030
-
Alternative Use
- Use
- Valuation
- Residential
- $361,350
- Hospitality
- $330,995
- Educational
- $275,384
- Medical
- $284,854
- Retail
- $428,375
Location Insight
- City
- Fairburn
- County
- Fulton
- State
- Georgia
- Latitude
- 33.5383
- Longitude
- -84.5762
- 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
FAQs
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