1456 Newnan Crossing Blvd, Newnan, GA 30265
3,100 SF | Retail Building | Newnan, GA 30265 | $2,985,000 ($963/SF) | 5.70% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,985,000
- Property Type
-
Retail
- Square Feet
- 3,100 SF
- Price / Square Foot
- $963
Listing Contacts
Brenton Baskin
Verified Profile
Julius Swolsky
Verified Profile
Kevin Fitzpatrick
Verified Profile
- Property Info
Property Overview
Graystone Capital Advisors is pleased to exclusively offer for sale a single tenant net leased Freddy’s Frozen Custard & Steakburgers property located in the Atlanta MSA, situated within the $150 million multi-use development known as Newnan Village Crossing on a 125-acre tract in Newnan located along I-85.
This Freddy’s sale-leaseback features a 20-year absolute triple net lease that includes 10% rental increases every five years. The lease is guaranteed by JRI Hospitality, the largest franchise operator of Freddy’s with +/- 80 existing locations across 15 states and plans for additional growth.
The property is strategically positioned on the hard corner adjacent to Summerlin Corners, a Kroger Anchored Center Located in a fast growing residential area surrounded by neighborhood retailers Area retailers include Publix, CVS Pharmacy, Wal-Mart Supercenter, Lowe’s & Home Depot.
This Freddy’s sale-leaseback features a 20-year absolute triple net lease that includes 10% rental increases every five years. The lease is guaranteed by JRI Hospitality, the largest franchise operator of Freddy’s with +/- 80 existing locations across 15 states and plans for additional growth.
The property is strategically positioned on the hard corner adjacent to Summerlin Corners, a Kroger Anchored Center Located in a fast growing residential area surrounded by neighborhood retailers Area retailers include Publix, CVS Pharmacy, Wal-Mart Supercenter, Lowe’s & Home Depot.
Property Details
- Class
- B
- Year Built
- 2021
- Stories
- 1
- Lot Size (sq. ft)
- 56,192 SF
Highlights
- Located Within the Atlanta MSA in An Affluent and Rapidly Expanding Area
- Long Term 20-Year Lease | Absolute Triple Net Lease with No Landlord Responsibilities
- 10% Rental Increases Every Five Years | Affluent Surrounding Area with Average Annual Incomes of Nearly $100,000
- Projected Annual Population Growth of Approximately 2.7% Within One Mile Over the Next Five Years
- Freddy’s Frozen Custard & Steakburgers Has Approximately 450 Locations
- Surrounded By Neighborhood Retailers Which Include Publix, CVS Pharmacy, Wal-Mart Supercenter, Lowe's, Home Depot And Many More
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