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17985290
17985291

6510 Tara Blvd, Jonesboro, GA 30236 For Sale

EK
GA 299687
Skyline Seven Real Estate
CM
GA 362708
Skyline Seven Real Estate
Listed by Skyline Seven Real Estate
$1,565,000
784 days on market
Updated 12 days ago

Tim Hortons - Jonesboro

Details
Property Type Retail
Sub Type Restaurant
Square Footage 1,800
Units 1
Cap Rate 5.75%
NOI $90,000
Occupancy 100%
Tenancy Single
Brand/Tenant Tim Hortons
Lease Type Absolute NNN
Rent Bumps Yes
Lease Options 2 x 5 years
Price per SqFt $869
Class A
Year Built 1978
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.830
Zoning GB
Investment Type Owner/User
Tenant Credit Franchisee
Ground Lease No

Recently Built. Sale leaseback with a new 15 year lease from closing!

Marketing description

This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Tim Hortons, located in Jonesboro, Georgia. This location comes with a new 15 year NNN lease with Tim Hortons that includes 10% increases every 5 years, and two 5-year options. The franchisee is based in Atlanta, and currently operates Popeyes, Tim Hortons, Moe's, & Checkers locations. Tim Hortons is one of the fastest growing QSR brands in the world, and this is an ideal location for the restaurant.

Morrow is a city in Clayton County, Georgia and part of the Atlanta Metropolitan Area. Located approximately 15 miles to the south of downtown Atlanta, the city is bordered by Lake City to the north and Forest Park to the northwest. Clayton State University, part of the University System of Georgia, is located across I-75 to the north of the property occupying 192 aces with more than 7,000 students enrolled. The Southern Regional Medical Center (a 331 bed hospital)is located just to the west of the property. Morrow is also located roughly 6 miles from Hartsfield-Jackson Atlanta International Airport one of the busiest airports in the world.

Investment highlights

  • New construction to be completed in the 3rd quarter of 2024

  • 15 year absolute NNN lease - 10% increases every 5 years with two 5-year options

  • Tim Hortons is aggressively expanding in Georgia

  • Tim Hortons is one of the fastest growing QSR brands in the world with 5,353 existing locations

  • Sale leaseback with a strong franchisee- Operates Popeye's, Tim Hortons, Checkers, & Moe's

  • Well located on Tara Blvd. with high traffic counts of 35,000+ cars per day passing

  • 200,000+ people living within a 5 mile radius with an excellent average household income in a 1 mile radius of $55,915

Listing Contacts

EK
GA 299687
Skyline Seven Real Estate
CM
GA 362708
Skyline Seven Real Estate
Listed by Skyline Seven Real Estate

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$90,000.00
$7,500.00/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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