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34511537
34511533

1889 Jonesboro Road, McDonough, GA 30253 For Sale

MI
GA: 348971, CA: 01749093
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$1,900,000
2 days on market
Updated 2 days ago

THAT BURGER SPOT! + HOTWORX @ HENRY MARKETPLACE

Details
Property Type Retail
Sub Type Restaurant, Storefront (+1)
Square Footage 4,000
Net Rentable (SqFt) 3,975
Cap Rate 6.28%
NOI $119,250
Occupancy 100%
Tenancy Multi
Brand/Tenant Hotworx, That Burger Spot!
Lease Type NNN
Remaining Term 9
Pro-Forma Cap Rate 7.20%
Price per SqFt $475
Year Built 2024
Acreage 1.390
Parking Spaces 6.75 per 1,000 sq ft
Ground Lease No
Ownership Fee Simple

New Construction - 2 Tenant Retail Center @ Henry Marketplace - Low Price Point

Marketing description

This newly constructed 2024 retail asset offers the opportunity to acquire a freestanding, 4,000 SF two-tenant building on 1.39 acres at a comparatively low price point. The property is fully leased under new 10-year NNN leases to franchise operators of That Burger Spot! and HOTWORX, with $1.00/SF annual rent increases, significant tenant-funded interior buildouts, and multiple personal guarantees. Initial rents are well below those typical of new retail construction, supporting durable income and long-term mark-to-market potential. The low-maintenance building incorporates concrete block and steel-frame construction with an accent brick veneer, while subdividable units provide future leasing flexibility. Located within Henry Marketplace, a 200,000+ SF collection of freestanding and inline retail, the property is surrounded by more than 1,000 recently completed or planned Class A multifamily and single-family residences. It is adjacent to Floor & Decor, Dick’s Sporting Goods, Best Buy, and Sam’s Club, and across from Henry Town Center, reportedly ranked among the top 15% of U.S. power centers with more than 7.23 million annual visits. One block west of I-75 and just south of Atlanta, the asset benefits from a reported 2.0% submarket vacancy rate per CoStar, strong population and employment growth, and its position within a major logistics and distribution corridor.

Investment highlights

  • New 2024 Construction - Freestanding 4,000 SF Two Tenant Building - 1.39 Acre Lot | Low Price Point
  • 10 Year NNN Leases Signed for That Burger Spot! + HOTWORX (Franchise Operators) - Significant Interior Build Out Invested by Tenants - Multiple Personal Guarantees
  • $1/Square Foot Annual Rent Increases | Well Below Market Rent for New Retail Construction
  • Superior Quality - Low Maintenance Building | Accentuated Brick Veneer Exterior - Concrete Block Construction - Steel Framing - Sub-Dividable Units Within Henry Marketplace - Collection of Over 200k+ SF of Freestanding & Inline Shopping Featuring Destination Retailers & Restaurants
  • Over 1,000+ Class A Residential and SFR Units Recently Completed or Under Construction In Immediate Walking Distance
  • Synergy with Major Retailers + Walkable Residential | Adjacent to Floor & Decor, Dick's, Best Buy, Sam's Club | Across from Henry Town Center - Ranked in Top 15% of Power Centers in U.S. (7.23 M+ Visits/Year)
  • Submarket Vacancy Rate Reported to by 2.0% (Costar) - One Block West of I-75 - Just South of Atlanta | Explosive Population & Employment Growth -Major Logistical & Distribution Corridor

Listing Contacts

MI
GA: 348971, CA: 01749093
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$119,250.00
$9,937.50/mo

Valuation Metrics

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DSCR
6.28%
Cap Rate
6.28%
ROI

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