736 Forsyth StAmericus, GA 31709

  • Retail properties
  • 4,945 SF
For Sale
$5,278,000 View listing

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
736 Forsyth St, Americus, Georgia

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

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
$17,332
$104,520
$288,320
$392,840
-
$261,300
$720,800
$982,100

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