Tim Hortons - Jonesboro
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
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