885 Glynn StFayetteville, GA 30214

Property Details for 885 Glynn St

Year built

1985

Construction

FRAME

Lot size

0.69 AC

Property size (Sq ft)

3,553 SF

Zone code

C C3

Property type

Turn key restaurants

APN

0531 110

APU

531110

Description

This exceptional investment opportunity presents a brand-new, 1,200 square foot Sonic restaurant situated on a 0.69-acre lot in Fayetteville, Georgia. Built in 2024, this single-story building features a double drive-thru lane, a key element of the new drive-thru prototype design. The property boasts a 15-year absolute NNN ground lease with a corporate guarantee from Sonic, a leading QSR brand. Rent increases by 10% every five years, ensuring consistent income growth. The lease includes four 5-year renewal options, providing long-term stability. The property generates a strong net operating income (NOI) of $132,500, resulting in a 6.25% cap rate. Strategically located as an outparcel to Banks Station Shopping Center, this site benefits from high visibility at the signalized intersection of State Highway 85, State Highway 314, and N Jeff Davis Dr, with combined daily traffic exceeding 72,000 vehicles. The location is further enhanced by its proximity to Fayette Pavilion, a top-performing power center, and enjoys a strong demographic profile, with an average household income of $101,522 within a 3-mile radius. This prime location, coupled with the strength of the Sonic brand and the favorable lease terms, makes this a compelling investment opportunity. The asking price is $2,120,000, representing a price per square foot of $1,766.67. The property is currently 100% occupied. This is a rare chance to acquire a high-performing, low-risk investment in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $664,323

  6.5%

  $613,221

  7%

  $569,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,746,481

  Geo Method

  $1,746,481

• Alternative Use

  Use

  Valuation

  Residential

  $517,275

  Hospitality

  $473,821

  Educational

  $394,214

  Medical

  $407,771

  Retail

  $613,221

Location Insight

City

Fayetteville

County

Fayette

State

Georgia

Latitude

33.4642

Longitude

-84.4488

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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