Log In/Sign Up
Your email has been sent.
Popeyes 3350 S Cobb Dr SE 2,256 SF Retail Building Smyrna, GA 30080 $3,402,301 CAD ($1,508.11 CAD/SF) 5.85% Cap Rate
Investment Highlights
- Popeyes is a globally recognized and fast-growing QSR brand with strong national brand loyalty
- Long-term Absolute NNN lease with rent increases every five years and three x fiveyear renewal options.
- Highly visible freestanding location on South Cobb Drive in Smyrna, GA, with 31,000 VPD
- Leased to GPS Hospitality Ventures, LLC, a proven multi-brand franchisee with 400+ restaurants in 12 states
- Freestanding restaurant with fee-simple real estate ownership, providing depreciation benefits - large corner lot.
- Strong Atlanta suburban infill market with dense surrounding residential neighborhoods.
Executive Summary
This investment offering presents the opportunity to acquire a free-standing Popeyes restaurant located north of Atlanta in Smyrna, Georgia, within the highly desirable Cobb County submarket of metro Atlanta. The property is leased to GPS Hospitality Ventures, an experienced franchise operator (over 400 restaurants), with a long-term absolute NNN lease, providing passive income with no landlord responsibilities.
The lease commenced in 2013 with an initial 20-year term and includes three x five-year renewal options. Rental increases occur every five (5) years, including during the option periods, providing built-in income growth over the life of the lease. The offering includes ownership of the real estate (not a ground lease), allowing the investor to benefit from depreciation of the building.
The lease commenced in 2013 with an initial 20-year term and includes three x five-year renewal options. Rental increases occur every five (5) years, including during the option periods, providing built-in income growth over the life of the lease. The offering includes ownership of the real estate (not a ground lease), allowing the investor to benefit from depreciation of the building.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,256 SF
Building Class
B
Year Built/Renovated
1989/2015
Price
$3,402,301 CAD
Price Per SF
$1,508.11 CAD
Cap Rate
5.85%
NOI
$199,039 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.72 AC
Zoning
GC
Parking
25 Spaces (11.08 Spaces per 1,000 SF Leased)
Frontage
245’ on Cobb Dr
Amenities
- Bus Line
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $174,924 CAD | |
| Land Assessment | $265,446 CAD | Total Assessment | $440,370 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$265,446 CAD
Improvements Assessment
$174,924 CAD
Total Assessment
$440,370 CAD
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Popeyes | 3350 S Cobb Dr SE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.