3670 Camp Creek PkwyAtlanta, GA 30344

  • Drive through restaurants
  • 5,616 SF
For Sale
$16,209,130 View listing

Property Details for 3670 Camp Creek Pkwy

Year built
2007
Lot size
1.50 AC
Property size (Sq ft)
5,616 SF
Zone code
C2C
Property type
Drive through restaurants
APN
14F0001 LL0161
APU
14F0001LL0161

Description

This exceptional investment opportunity presents a portfolio of four TGI Fridays restaurants, strategically located across Georgia and Maryland. The portfolio boasts a strong 6.90% cap rate and a substantial net operating income (NOI) of $1,118,430. The absolute NNN leases, with zero landlord responsibilities, provide a passive income stream with minimal management overhead. Each location benefits from high visibility, excellent signage, and significant traffic counts, ensuring consistent performance. The leases feature built-in rent bumps and four 5-year renewal options, providing long-term stability and growth potential. With a remaining lease term of 12 years, extending to November 30, 2036, this portfolio offers a secure and lucrative investment. Three of the four locations are situated within the Atlanta metropolitan area, a dynamic market with a population exceeding 6 million. The fourth location is in Greenbelt, Maryland. The portfolio is currently 100% occupied and operated by Jackmont Hospitality Inc., a reputable regional operator with a 40-year track record. This is a rare opportunity to acquire a well-established, high-performing restaurant portfolio with significant upside potential. The asking price is $16,209,130.

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.655
Longitude
-84.5087
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
$101,704
$359,880
$376,040
$735,920
-
$899,700
$940,100
$1,839,800

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