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29348785
29348784

72 E Franklin St, Hartwell, GA 30643

JN
CA CA 02012421
Matthews
Listed by Matthews
$1,885,714
295 days on market
Updated 2 days ago

POPEYES

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,340
Net Rentable (SqFt) 2,340
Cap Rate 7.00%
NOI $132,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Remaining Term 11
Year Built 2022

11+ Years Remaining 6.25% Cap Rate

Investment highlights

  • ABSOLUTE NNN LEASE - 11+ Years Remaining and Three, 5-Year Options.

  • 10% RENT INCREASES - Provides a strong hedge against inflation.

  • ESTABLISHED FRANCHISEE - PSP Holdings (±40 Units), founded in 2004.

  • STRONG HOUSEHOLD GROWTH PROJECTIONS - Hart & neighboring counties expected to absorb 20 - 40k new residents by 2040.

  • 27,000+ VEHICLES PER DAY - Strong traffic counts provides consistent customer base.

  • LAND AND BUILDING OWNERSHIP - Capture depreciation with fee simple ownership.

  • PRIME LOCATION SURROUNDED BY NATIONAL RETAILERS - Strategically located near major national retailers including Starbucks, McDonald’s, Taco Bell, Arby’s, Bojangles, Shell, Exxon, Chevron, and CVS, driving consistent traffic to the area.

  • PROXIMITY TO MAJOR DESTINATION - Located West of Lake Hartwell, attracting an estimated 14 million visitors annually and generates approximately $150 million in tourism.

  • UPCOMING FRANKLIN STREET MIXED-USE DEVELOPMENT - Proposed mixed-use project featuring restaurants, apartments, and a hotel is poised to significantly increase area traffic and expand the local consumer base.

  • CLOSE TO MAJOR EDUCATIONAL INSTITUTIONS - Situated just 0.6 miles from Hart County High School, Hart County Middle School, and the Hart County College and Career Academy, offering high visibility and consistent daytime population.

Listing Contacts

JN
CA CA 02012421
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$132,000.00
$11,000.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Maxx Bauman
License
451849 (GA)
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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