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27160629
27160630

2657 Panola Rd, Lithonia, GA 30058

PD
CA 01750064
Fisher James Capital
LS
CA CA 01443387
Fisher James Capital
BO
CA 01406462
Ow Commercial
Listed by Fisher James Capital, Ow Commercial
$2,030,000
254 days on market
Updated 64 days ago

Harold's Chicken & Ice Bar

Details
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 6,764
Cap Rate 7.5%
NOI $152,254
Occupancy 100%
Tenancy Single
Brand/Tenant Harold's Chicken & Ice Bar
Lease Type Net
Lease Term 10.5
Lease Expiration 09/30/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options two (2) five-year options
Broker Co-Op Yes
Year Built 2001
Buildings 1
Stories 1
Acreage 1.100
Investment Type Net Lease
Lease Commencement 04/01/2021

Long-Term Net Lease Investment with Annual Increases in Metro Atlanta

Marketing description

Fisher James Capital is pleased to present Harold’s Chicken & Ice Bar, a rare net lease investment located in Lithonia, GA, just 15 miles from Downtown Atlanta. The property features a long-term lease with 3% annual increases, providing consistent rent growth and a natural hedge against inflation. Harold’s, a well-established brand with strong regional recognition, combines its legendary fried chicken with an elevated dining and nightlife experience, driving steady consumer demand. The ±6,764 SF building sits on a large 1.1-acre parcel with a low rent structure and future redevelopment potential. Strategically positioned along Panola Road between I-20 and US-278, the site benefits from excellent visibility, high traffic counts, and close proximity to major demand drivers including Emory Hillandale Hospital and Hartsfield-Jackson International Airport.

This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.

Investment highlights

  1. Long–Term Net Lease to Harold’s Chicken & Ice Bar
    • 3% Annual Rent Increases Providing Consistent Rent Growth and a Hedge Against Inflation

  2. Large Parcel with Low Rent Structure at $1.82/SF with Future Redevelopment Upside

  3. Recognized Brand Presence Throughout Atlanta, Bringing the Legendary Harold’s Chicken Tradition into a Modern, Family–Friendly Restaurant & Lounge Format
    • Upscale Restaurant Concept with Live Entertainment, Stylish Ambiance, and Vibrant Social and Nightlife Experience

  4. Less than 1.5 Miles from Emory Hillandale Hospital (Part of Emory Healthcare)

  5. Convenient Location Along Panola Road (27,600 ADT)
    • Halfway Between I-20 (161,000 ADT) and US-278/GA-12 (34,000 ADT), Direct Routes to Downtown Atlanta

  6. 18 Miles from Hartsfield–Jackson International Airport, the Busiest in the World

  7. Approximately 15 Miles from Downtown Atlanta
    • MSA GDP of $570.7 Billion
    • Atlanta Metro Population of Over 6.3 Million

Listing Contacts

PD
CA 01750064
Fisher James Capital
LS
CA CA 01443387
Fisher James Capital
BO
CA 01406462
Ow Commercial
Listed by Fisher James Capital, Ow Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$152,254.00
$12,687.83/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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