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29391375
29391376

2990 Anvilblock Rd, Ellenwood, GA 30294 For Sale

EW
FL CQ1057427
Acropolis Commercial Advisors LLC
Listed by Acropolis Commercial Advisors LLC
$2,434,785
26 days on market
Updated 26 days ago

Popeyes | Sales 30% Above Systemwide AUV

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,620
Units 1
Cap Rate 5.75%
NOI $140,000
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King (+4)
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Lease Options Four (4), Five-Year
Price per SqFt $929
Year Built 2018
Buildings 1
Stories 1
Acreage 1.190
Investment Type Net Lease
Tenant Credit Franchisee
Ownership Fee Simple

Sub 6% Rent-to-Sales | 15 Year Abs NNN Lease

Marketing description

  • High Performing Location | Sub 6% Rent-to-Sales

    • Sales 30% Above Popeyes Systemwide AUV

  • Long-Term Absolute NNN Lease

    • 15-Year Base Term | 10% Rental Increases

  • Situated Amongst Numerous Rooftops

    • 41,000+ Residents | $81,000+ Avg HH Income

  • 15 Min to Hartsfield-Jackson Atlanta International Airport

    • World’s Busiest Airport | 63,000+ Direct Employees

  • 19.7M+ SF of Industrial, Office, Flex Space in the Immediate Area

    • 43%+ of Space Built Since 2018 Across 29 Buildings

  • Across from Southpark | 2.7M+ SF Distribution Park

    • National Archives Federal Office, 2 FedEx Ground Facilities, More

  • 1.5 Mi from Gillem Logistics Center | 1,168 Acres

    • 5M+ SF of Existing Space | Boeing, Amazon, Kroger, More

Investment highlights

High Performing Location | Low Rent-to-Sales Ratio | Long-Term Absolute NNN Lease

  • Upon the close of escrow, the franchisee will execute a 15-year Absolute NNN lease which provides for 10% rental increases every five years.

  • This location has excellent topline performance with sales 30% above Popeyes systemwide average unit volume. Based upon current sales, the rent-to-sales ratio at this location is under 6.00%.

Excellent Intrinsic Value | Less Than 1 Mi to I-675

  • The Popeyes is located within Ellenwood Town Center, anchored by Walmart Supercenter and featuring national retailers like Wendy’s, Hibbett Sports, and Taco Bell, driving consistent traffic.

  • The Property is positioned at the signalized entrance to Ellenwood Town Center off of Anvilblock Road with exposure to approximately 21,000+ vehicles daily.

Excellent Residential Synergies | Proximity to New Multi-Family Complexes

  • The immediate area is home to 41,000+ residents with average household incomes exceeding $81,000.

  • Surrounding housing growth includes 276 new multi-family units between The Reserve at Grand Road and Fairview Terrace which were built in 2023 and 2024, respectively.

  • Furthermore, residents located to the east of the Property are likely to use Anvilblock Rd when travelling to/from I-675.

Proximity to Daily Traffic Drivers | Retail | Local Schools & Colleges

  • The Property sits within 3 miles of numerous local schools which serve over 4,000 students and include, but are not limited to, the Utopian Academy for the Arts, East Clayton Elementary, Cedar Grove Elementary, and Morrow High, amongst others.

  • Additionally, the Property is within 5 miles of Clayton State University (5,836 students) and Georgia State University’s Perimeter College – Decatur Campus (2,674 students). CSU is the 7th largest employer in Clayton County.

Strong Daytime Workforce | Situated Amongst 19.7M+ SF of Industrial, Office, Flex Space

  • The Property benefits from a strong daytime population in the immediate area with a strong and diverse employee base of both blue and white-collar professions. The Supply Chain and Logistics industry leads countywide employment with nearly 40,000 employees in total.

  • The Property is situated amongst over 18 million SF of existing industrial, distribution, and flex space in the immediate area. Over 43% of this space, or 7.8 million SF, was constructed after 2018, solidifying the area as a major distribution and logistics hub.

  • Within just a half mile of the Property is over 5.2 million SF of distribution space.

    • The largest single facility is to the east, at approximately 800,000 SF, and is operated by FedEx Gound.

    • Directly across Anvilblock is Southpark, a 352-acre business park with over 2 million SF of existing space along with 700,000 SF planned. The park includes the federal office building for the National Archives, 2 FedEx Ground facilities, and space for Bayer CropScience, BrandsMart USA, and more.

    • To the west is the Clayton Commerce Center, home to S. AutoForce and Expeditors.

    • Adjacent to Clayton Commerce is a 35-acre data center planned by TA Realty, a major investment firm backed by Mitsubishi. The 1+ million SF center is expected to be completed by the end of 2027.

  • Less than 1.5 miles to the west, between I-675 and U.S. Hwy 23, is over 9 million SF of space for FedEx Freight, Aosom, Castellini, F&S Fresh Foods, Old Dominion Freight Line, and more.

  • Just 1.5 miles west along Anvilblock is the Gillem Logistics Center, a 1,168-acre logistics park with the capacity for 8+ million SF of space in total.

    • Currently, there is over 5 million SF of space for major companies such as Boeing, Amazon, Kroger, HDSupply, Kuhne+Nagel, and many others.

    • Kroger operates within the most amount of space for all companies within a 3-mile radius, with approximately 2 million SF between 2 Gillem buildings.

  • Approximately 2.5 miles south off of I-675 is QuikTrip’s distribution facility for their Kitchen division, 1 of 6 such company facilities nationwide.

Close Proximity to Major Area Employers | World’s Busiest Airport | Fortune 500’s

  • Less than 5 miles to the west is the city of Forest Park which is home to over 35 million SF of space for major Fortune 500, national, and international companies which include O’Reilly Auto, Volkswagen, Audi, Clorox, Warner Bros., Coca-Cola, JCPenney, and more.

  • The Property is just 8 miles (14 minutes) from the Hartsfield-Jackson Atlanta International Airport which is the world’s busiest airport, seeing over 108 million passengers and handling over 2.9 billion pounds of cargo in 2024.

    • The airport has over 63,000 direct employees and is the world headquarters / hub for Delta Air Lines, the world’s second largest airline.

Listing Contacts

EW
FL CQ1057427
Acropolis Commercial Advisors LLC
Listed by Acropolis Commercial Advisors LLC

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DSCR
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Cap Rate
5.75%
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Additional Information

Name
Brian Brockman
License
378952
Brokerage
Bang Realty-Georgia Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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