736 Forsyth StAmericus, GA 31709
- Retail properties
- 4,945 SF
Property Details for 736 Forsyth St
- Year built
- 2022
- Construction
- STEEL FRAME
- Lot size
- 2.00 AC
- Property size (Sq ft)
- 4,945 SF
- Property type
- Retail properties
- Property subtype
- Drive through restaurants
- APN
- 16 6 5B
- APU
- 1665B
Description
This exceptional investment opportunity presents a fee-simple, 4,526 square foot Chick-fil-A restaurant in Americus, Georgia. Built in 2022, the property boasts a double drive-thru and sits on a 1.869-acre lot with excellent visibility on E Forsyth Street, a major retail corridor with 12,800 AADT. The 15-year absolute NNN lease commenced November 17, 2022, and includes 10% rent bumps every five years, extending to November 30, 2037. The property offers a compelling 4.55% cap rate with a strong NOI of $240,141 and a price per square foot of $1,166.15. The asking price is $5,278,000. Americus, the county seat of Sumter County, benefits from a robust daytime population of 23,807 within a five-mile radius and an average household income of $68,809. Its proximity to Georgia Southwestern State University (approximately 1 mile away) further enhances its appeal. This location enjoys limited competition, being the only Chick-fil-A within a 30+ mile radius, and boasts an impressive 470,000 annual visits according to Placer.Ai. The property offers significant depreciation benefits due to its new construction and the unique fee-simple ownership structure. This is a rare opportunity to acquire a high-performing Chick-fil-A with a long-term lease and significant upside potential. The property's strategic location and strong tenant history make it an attractive addition to any investment portfolio.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $734,223
- 6.5%
- $677,745
- 7%
- $629,334
-
Comparable approach
- Method
- Valuation
- Relative Method
- $885,881
- Geo Method
- $885,881
-
Alternative Use
- Use
- Valuation
- Residential
- $571,703
- Hospitality
- $523,677
- Educational
- $435,693
- Medical
- $450,677
- Retail
- $677,745
Location Insight
- City
- Americus
- County
- Sumter
- State
- Georgia
- Latitude
- 32.0739
- Longitude
- -84.2214
- CBSA code
- 11140
- CBSA name
- AMERICUS, GA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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