13640 Jones StLavonia, GA 30553
- Other commercial real estate
- 5,864 SF
Property Details for 13640 Jones St
- Year built
- 2020
- Property size (Sq ft)
- 5,864 SF
- Property type
- Other commercial real estate
- APN
- 063-145-CLH
- APU
- 063145CLH
Description
This exceptional investment opportunity presents the fee simple ownership of a brand-new, single-tenant Arby's restaurant in Lavonia, Georgia. The property, situated on approximately one acre, boasts a prime location on Jones Street, a high-traffic thoroughfare with 12,759 vehicles per day, and convenient access to I-85 (43,154 VPD). Built in 2024, this 1-story, 1-unit building features a drive-thru, catering to the demands of a busy retail corridor. The property benefits from a strong demographic profile, serving an affluent population of 31,187 residents within a 10-mile radius, boasting an average household income of $82,754 annually. The investment is secured by a 15-year absolute NNN lease, commencing January 1, 2025, and expiring December 31, 2039, with a full 15.1 years remaining. This lease structure ensures passive ownership, with the tenant responsible for all operating expenses and maintenance. The lease includes a built-in rent increase of 10% every five years, providing consistent rental growth throughout the initial term and five, five-year renewal options. The asking price is $2,100,000, representing a 5.25% cap rate. This is a rare opportunity to acquire a high-performing, low-maintenance, long-term investment in a thriving retail market. The property's location, strong tenant, and favorable lease terms make it an ideal addition to any investment portfolio.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,717,156
- Hospitality
- $1,572,905
- Educational
- $1,308,639
- Medical
- $1,353,645
- Retail
- $2,035,660
Location Insight
- City
- Lavonia
- County
- Franklin
- State
- Georgia
- Latitude
- 34.4456
- Longitude
- -83.1177
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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