13640 Jones StLavonia, GA 30553

  • Other commercial real estate
  • 5,864 SF
For Sale
$2,100,000 View listing

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
13640 Jones St, Lavonia, Georgia

Location Insight

City
Lavonia
County
Franklin
State
Georgia
Latitude
34.4456
Longitude
-83.1177

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
$13,774
-
$383,732
$383,732
-
-
$959,330
$959,330

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