Popeyes Louisiana Kitchen,
Ellenwood, GA Investment Summary
| Price | $2,008,000 |
| Cap Rate | |
| NOI | $125,500 |
| Lease Term | 15 Years |
| Lease Type | Absolute NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot |
| Rental Increases | 10% Rental Increases in Year 11 and Every Five (5) Years Thereafter |
| Year Built | 2018 |
| Building Size | 2,695 SF |
| Lot Size | 1.18 Acres (52,306 SF) |
| Status | Sold |
| Lead Brokers | Michael T. Yuras, CCIM Cushman & Wakefield 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Vincent Aicale Cushman & Wakefield 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Cushman & Wakefield 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Cushman and Wakefield Inc. LIC. # 00616335 This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial. |
Investment Highlights
LONG-TERM ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES
» Operated by 100+ unit operator
» New 15-year NNN lease with no landlord responsibilities
» 10% rental increases in Year 11 and every five years thereafter, providing a hedge against inflation
HIGH-TRAFFIC LOCATION IN PROMINENT RETAIL CENTER
» Conveniently located on Anvil Block Road, with excellent visibility and access to 13,850 vehicles per day directly in front of the property
» Immediate access to Interstate 675 (78,200 AADT)
» Outparcel to Ellenwood Town Center, a prominent retail development that is anchored by Walmart and tenanted by Hibbett Sports, Dollar Tree, Cato, Workout Anytime, Wendy’s, Hardee’s, Waffle House, and more
STRONG ATLANTA MSA LOCATION WITH LARGE CUSTOMER BASE
» Adjacent to a large industrial region that is home to major employers, including Kroger (579 employees) and FedEx Ground (800 employees)
» Minutes from several colleges, including Georgia State University – Perimeter College (26,996 students) and Clayton State University (6,642 students)
» Close to Hartsfield-Jackson International Airport, the world’s busiest airport
» Large population of 142,555 residents within a five-mile radius, providing a strong customer base
NEW 2018 CONSTRUCTION
» Features latest Popeyes prototype and store concepts
» Includes dedicated drive-thru, providing additional convenience to customers and increasing sales revenue
Click Here to Download Offering Memorandum
Property Description
SOLD
The property is conveniently located on Anvil Block Road, with excellent visibility and access to 13,850 vehicles per day directly in front of the property. Anvil Block Road provides immediate access to Interstate 675, one of the region’s major highways, with a high traffic volume of 78,200 vehicles per day near the property. The property is outparcel to Ellenwood Town Center, a prominent retail development that is
anchored by Walmart. Other notable tenants within the shopping center include Hibbett Sports, Dollar Tree, Cato, Workout Anytime, Wendy’s, Hardee’s, Waffle House, and more. Ellenwood Town Center also includes a number of pad spaces for future retail development.
The property is adjacent to a large industrial region that is home to major employers, including Kroger (579 employees) and FedEx Ground (800 employees). The property is also just minutes from Hartsfield-Jackson International Airport, which has been the world’s busiest airport for 20 consecutive years and serves over 104 million passengers annually. Additionally, the property is supported by strong demographics, with 142,555 residents living within a five-mile radius, providing a large customer base.
