195 Walmart CirSandersville, GA 31082

  • Retail properties
  • 2,432 SF
For Sale
$1,238,585 View listing

Property Details for 195 Walmart Cir

Year built
2015
Construction
STEEL FRAME
Lot size
0.88 AC
Property size (Sq ft)
2,432 SF
Zone code
COMMERCIAL
Property type
Retail properties
Property subtype
Drive through restaurants
APN
095-049D
APU
095049D

Description

This exceptional investment opportunity presents a fee-simple ownership of a Hardee's restaurant located at 195 Walmart Cir, Sandersville, GA 31082. The property boasts a 3,037 square foot building situated on a 0.88-acre lot, featuring 43 parking spaces. Built in 2015, this single-tenant, absolute NNN net lease property offers a remaining lease term of approximately 10.6 years, expiring June 30, 2035, with four 5-year renewal options. The current lease commenced June 12, 2015, and includes fixed 10% rent increases every five years, the next increase effective January 2026. The property benefits from a strong tenant, ARC Burger, a franchisee operating approximately 81 Hardee's locations, and part of High Bluff Capital Partners, which also operates other restaurant brands. The property's strategic location on an outparcel to a Walmart Supercenter, at a signalized intersection on Georgia State Route 15, ensures high visibility and strong traffic flow. Nearby national tenants include TitleMax, Murphy USA, Dollar Tree, Domino's, Tractor Supply Co, Huddle House, Dairy Queen, and O'Reilly Auto Parts. The property features a drive-thru and pylon signage. The asking price is $1,238,585, representing a price per square foot of $407.83 and a 7.00% cap rate, with a current NOI of $86,701. The property's parcel number is 095-049D 01. This investment offers a compelling combination of a long-term lease, strong tenant, and a prime location in a growing market. The tenant is responsible for all property taxes, insurance, repairs, maintenance, utilities, HVAC, roof, structure, parking lot, and common area maintenance.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $739,438
    6.5%
    $682,558
    7%
    $633,804
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,031,789
    Geo Method
    $1,031,789
  • Alternative Use

    Use
    Valuation
    Residential
    $575,763
    Hospitality
    $527,396
    Educational
    $438,787
    Medical
    $453,878
    Retail
    $682,558
195 Walmart Cir, Sandersville, Georgia
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Location Insight

City
Sandersville
County
Washington
State
Georgia
Latitude
32.9526
Longitude
-82.8095

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
$8,822
$85,840
$160,160
$246,000
-
$214,600
$400,400
$615,000

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