4788 Jonesboro RdUnion City, GA 30291

Property Details for 4788 Jonesboro Rd

Year built

1986

Construction

WOOD

Lot size

0.30 AC

Property size (Sq ft)

3,162 SF

Zone code

C2

Property type

Office properties

Property subtype

Office buildings

APN

09F150300631569

APU

09F150300631569

Description

This exceptional investment opportunity presents a newly renovated (2024) Checkers and Rally's restaurant in Union City, Georgia. The property boasts a prime location on Jonesboro Road (GA 138), a high-traffic area with over 33,000 cars daily, offering excellent visibility and accessibility. The 800-square-foot building sits on a 0.75-acre lot and includes one gas pump. The property features a 15-year absolute NNN lease with a strong franchisee operator (also operating Popeyes, Tim Hortons, and Moe's) with 7.5% rent increases every five years and two 5-year options. The sale-leaseback structure provides a secure, passive income stream. The property's strong performance is reflected in its 100% occupancy and a substantial net operating income (NOI) of $144,000, resulting in a 6.00% cap rate. The asking price is $2,400,000 ($3,000/sq ft). Union City's strategic location, just 15 minutes south of Downtown Atlanta and near Hartsfield-Jackson International Airport, benefits from significant growth and development, including major corporations and new residential construction. The property is zoned C2 and has one story. This is a rare opportunity to acquire a high-performing, established restaurant with a long-term lease in a rapidly growing market. The strong tenant, high traffic counts, and favorable lease terms make this an attractive investment for discerning buyers. The building was originally constructed in 1985.

• CAP approach

  CAP return

  Valuation

  6%

  $402,187

  6.5%

  $371,250

  7%

  $344,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $616,780

  Geo Method

  $616,780

• Alternative Use

  Use

  Valuation

  Residential

  $460,350

  Hospitality

  $421,678

  Educational

  $350,831

  Medical

  $362,897

  Retail

  $545,737

Location Insight

City

Union City

County

Fulton

State

Georgia

Latitude

33.57

Longitude

-84.5448

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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