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1777 Rock Quarry Rd 3,000 SF Retail Building Stockbridge, GA 30281 $3,014,798 CAD ($1,004.93 CAD/SF) 7.45% Cap Rate
Investment Highlights
- Well-Positioned for Re-Tenanting, Owner-User Conversion, or Redevelopment
- Dark Lease – Tenant Vacated, Rent Through August 2031 - Approx. 5 Years of Contractual NNN Income Remaining
- RARE Repositioning Upside on Hospital-Adjacent Corner - 3,000 SF Building, ±1.11-Acre Lot
- Single-Tenant NNN Dark Lease Investment – Wendy’s, Stockbridge, GA (Atlanta MSA)
- Zero Landlord Responsibilities - Tenant Pays Taxes, Insurance, CAM, Roof & Structure Through Lease Expiration
- $212 Million Hospital Expansion Directly Across the Street
Executive Summary
We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a single-tenant NNN dark lease investment located in Stockbridge, GA – directly off Interstate 75 in the Atlanta MSA. The tenant, WEN-ATLANTA, INC., a subsidiary of Meritage Hospitality Group, has vacated the premises but remains contractually obligated to pay rent through lease expiration on August 31, 2031. Meritage Hospitality Group is the largest Wendy’s franchisee in the United States, operating approximately 300+ Wendy’s restaurants across multiple states. The Meritage acquisition of WEN-ATLANTA materially strengthens the rent guarantee underpinning this dark-lease investment.
The subject property is exceptionally well-positioned for re-tenanting, owner-user conversion, or redevelopment at lease expiration. The site sits directly across the street from Piedmont Henry Hospital, the south-Atlanta anchor of the Piedmont Healthcare System, recently completed a $212 million East Tower expansion adding new inpatient rooms, an expanded intensive care unit, three new operating room suites (bringing the hospital’s total to 14), and a new cafeteria and kitchen. The hospital held its grand opening and ribbon-cutting ceremony on May 14, 2026, with the first patients moving into the new tower on June 16, 2026. Rock Quarry Road – the frontage road on which this property sits – is concurrently undergoing a $35 million widening from a two-lane road to a four-lane divided boulevard, including a new signalized intersection at Hospital Drive directly adjacent to the property, with completion scheduled for late 2027.
The subject property is exceptionally well-positioned for re-tenanting, owner-user conversion, or redevelopment at lease expiration. The site sits directly across the street from Piedmont Henry Hospital, the south-Atlanta anchor of the Piedmont Healthcare System, recently completed a $212 million East Tower expansion adding new inpatient rooms, an expanded intensive care unit, three new operating room suites (bringing the hospital’s total to 14), and a new cafeteria and kitchen. The hospital held its grand opening and ribbon-cutting ceremony on May 14, 2026, with the first patients moving into the new tower on June 16, 2026. Rock Quarry Road – the frontage road on which this property sits – is concurrently undergoing a $35 million widening from a two-lane road to a four-lane divided boulevard, including a new signalized intersection at Hospital Drive directly adjacent to the property, with completion scheduled for late 2027.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,000 SF
Building Class
B
Year Built
1996
Price
$3,014,798 CAD
Price Per SF
$1,004.93 CAD
Cap Rate
7.45%
NOI
$224,602 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.10 AC
Zoning
C2 - Commercial
Parking
40 Spaces (13.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
Moderately walkable
60/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0032-01-030-003 | Improvements Assessment | $306,419 CAD |
| Land Assessment | $257,537 CAD | Total Assessment | $563,956 CAD |
Property Taxes
Parcel Number
0032-01-030-003
Land Assessment
$257,537 CAD
Improvements Assessment
$306,419 CAD
Total Assessment
$563,956 CAD
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1777 Rock Quarry Rd
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