Guthrie's Chicken
2,200 SF | Retail Building | Grayson, GA 30017 | $2,915,600 ($1,325/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,915,600
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,200 SF
- Price / Square Foot
- $1,325
Listing Contacts
Bryan Belk
Verified Profile
John Tennant
Verified Profile
- Property Info
Property Overview
Franklin Street is pleased to present this new construction Guthrie's Chicken in Grayson, Georgia, part of the Atlanta MSA. Guthrie's is a rapidly expanding QSR concept that plans to add 30 locations per year nationwide for the foreseeable future. The brand has roots dating back to 1965 when the first location opened in Alabama. The site was developed in front of a new 234 unit Class A apartment complex, Dylan at Grayson, on Grayson Highway which has visibility to 46,400 cars a day. Other nearby major retailers generating additional traffic to the corridor is Kroger, Starbucks, Chase Bank, Chipotle, Pana Express, Whataburger, Taco Bell, AutoZone, among many others. Additionally, one block from the location is Sterling Elementary (1,100+ students) and Couch Middle (1,100+ students) that bring daily drivers past the location. The location has Guthrie's Chicken's newest more efficient prototype that is 2,200 SF in comparison to their old version that was 3,500 SF, and includes a drive thru. The operator has signed a new 12-year NNN lease that began in December 2023. The operator has 25+ years of restaurant experience with brands such as Applebee's, Ruby Tuesday, Mellow Mushroom, among others and currently operates the Cumming, Georgia location as well.
Property Details
- Year Built
- 2023
- Stories
- 1
- Lot Size (sq. ft)
- 41,818 SF
Highlights
- New Construction Guthrie's Chicken in the Atlanta MSA
- 12-Year NNN Lease With 8% Increases Every 5 Years
- Excellent Visibility On Highly Trafficked Road: 46,400 VPD
- Affluent Atlanta Submarket: $130K+ household incomes
- 60+ Unit Store Count Currently With Massive Expansion Plans to Add 30 locations Per Year Nationwide
- 1,000+ Residential Units Built Within the 1 Mile Radius in Last 5 Years
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