3835 Appalachian HwyBlue Ridge, GA 30513
- Drive through restaurants
- 2,406 SF
Property Details for 3835 Appalachian Hwy
- Year built
- 2021
- Construction
- CONCRETE
- Lot size
- 1.00 AC
- Property size (Sq ft)
- 2,406 SF
- Zone code
- RESIDENTIAL
- Property type
- Drive through restaurants
- APN
- 0052 110A
- APU
- 0052110A
Description
This 2,425 square foot Bojangles restaurant, built in 2021, is situated on a 0.714-acre lot in Blue Ridge, Georgia, at 3835 Appalachian Hwy, 30513. The property boasts a strong 5.85% cap rate with a Net Operating Income (NOI) of $150,037. The absolute triple-net (NNN) lease with the tenant, BOJ of WNC, LLC, runs for 16 years, commencing December 30, 2021, and expiring December 30, 2037. The property features 24 parking spaces and is zoned for General Commercial use. This high-performing location is in the top 10% of sales volume for the tenant and benefits from high visibility on Appalachian Highway, with a daily traffic count of 19,100 vehicles. The area is a thriving retail corridor with over 1.1 million square feet of retail space within a two-mile radius, including major retailers such as Walmart, Home Depot, and numerous fast-food chains. Its proximity to Lake Blue Ridge, a major tourist destination, further enhances its investment potential. The location also benefits from its proximity to financial institutions, a hospital, a university campus, a high school, and an airport. This presents a compelling opportunity for investors seeking a stable, high-yield investment in a rapidly growing area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $610,214
- 6.5%
- $563,274
- 7%
- $523,040
-
Comparable approach
- Method
- Valuation
- Relative Method
- $419,830
- Geo Method
- $488,087
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $1,102,570
- Mixed-Use / Specialty
- $559,598
- Hospitality / Lodging
- $408,387
- Office
- $554,536
- Institutional / Educational
- $581,160
- Residential Income
- $679,957
- Multifamily
- $824,753
- Automotive / Energy
- $498,137
- Parking / Income-Based Land
- $173,549
- Restaurant / Food Service
- $287,491
- Healthcare / Senior Housing
- $575,568
Location Insight
- City
- Blue Ridge
- County
- Fannin
- State
- Georgia
- Latitude
- 34.8719
- Longitude
- -84.3281
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].