4788 Jonesboro Rd, Union City, GA 30291
800 SF | Retail Building | Union City, GA 30291 | $2,400,000 ($3,000/SF) | 6% Cap Rate
For Sale
Active
Asking Price $2,400,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 800 SF
- Price / Square Foot
- $3,000
Listing Contacts
Elliott Kyle
Chase Murphy
- Property Info
Property Overview
This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Checkers, located in Union City, Georgia. This location comes with a new 15 year NNN lease with Checkers that includes 7.5% 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.
Union City, a suburb just 15 minutes south of Downtown Atlanta, is strategically located approximately 10 miles from the world's busiest airport, Hartsfield-Jackson International Airport. Major corporations are drawn to the area, evident by the presence of massive distribution centers and job opportunities. Significant development has continued to happen in the area, with projects planned in collaboration with Aerotropolis Atlanta Alliance. Porsche's $100 million North American headquarters and the construction of Union Station Business Center highlight the area's growth. The proliferation of new car dealerships underscores Union City's importance as a retail hub.
Union City, a suburb just 15 minutes south of Downtown Atlanta, is strategically located approximately 10 miles from the world's busiest airport, Hartsfield-Jackson International Airport. Major corporations are drawn to the area, evident by the presence of massive distribution centers and job opportunities. Significant development has continued to happen in the area, with projects planned in collaboration with Aerotropolis Atlanta Alliance. Porsche's $100 million North American headquarters and the construction of Union Station Business Center highlight the area's growth. The proliferation of new car dealerships underscores Union City's importance as a retail hub.
Property Details
- Class
- C
- Year Built
- 1985
- Stories
- 1
- Lot Size (sq. ft)
- 21,344 SF
Highlights
- New construction completed in 2024
- 15 year absolute NNN lease - 7.5% increases every 5 years with 2 x 5 year options
- Strong store sales since opening
- Sale leaseback with a strong franchisee- Operates Popeye's, Tim Hortons, Checkers, & Moe's
- High traffic: 33,000+ cars per day on Jonesboro Road, GA 138
- 110,789 residents within a 5-mile radius, boasting an impressive average household income of $81,531 with 19% growth projected in the next 5-years
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