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29777029
29777035

6741 Veterans Pkwy Columbus, GA 31909- 3170, Columbus, GA 31909 For Sale

EK
GA 299687
Skyline Seven Real Estate
CM
GA 362708
Skyline Seven Real Estate
Listed by Skyline Seven Real Estate
$2,250,000
152 days on market
Updated 9 days ago

Tim Hortons - Columbus

Details
Property Type Retail
Sub Type Restaurant, freestanding
Square Footage 2,000
Net Rentable (SqFt) 2,000
Cap Rate 6%
NOI $135,000
Occupancy 100%
Tenancy Single
Brand/Tenant Tim Hortons
Lease Type Absolute NNN
Price per SqFt $1,125
Class A
Year Built 2023
Buildings 1
Stories 1
Zoning C-2
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No

Prime Retail Investment I 2,000 SF | 6.00% CAP

Marketing description

A chance to own the very first Tim Hortons in Georgia. This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Tim Hortons, located in Columbus, Georgia. The property will finish development and open for business in early 2024, have a 15 year NNN lease 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.

Columbus is located approximately 1.5 hours south of Atlanta. The area is home to a number of corporate headquarters, including: Aflac Insurance, Synovus, Carmike Cinemas, and more. Columbus is the 2nd largest city in Georgia, and was recently ranked by Best Life Magazine as #4 on the Top 100 Places to Raise a Family. The area continues to grow with new residential development, as the quality and high paying jobs continue to be added to the city. Located a short drive to the south is Fort Benning, which supports more than 120,000 active-duty military, family members, reserve soldiers, retirees, and civilian employees on a daily basis.

Investment highlights

  • New construction - lease signed August 2024

  • 15 year absolute NNN lease - 10% increases every 5 years with 2x5 year options

  • Tim Hortons first location in Georgia

  • Tim Hortons is one of the fastest growing QSR brands in the world with over 5,700 locations in 14 countries

  • Well located right off I-185 with an ideal location on the main retail artery of one of the most affluent areas on the north side of Columbus.

  • 122,260 people living within a 5 mile radius with an excellent average household income of $93,814

  • Fort Benning in Columbus- Supports 120,000+ active military, family members, retirees, and employees daily

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
$0.00
Annual Debt Service
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Annual Cash Flow
$135,000.00
$11,250.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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