Arby's | 13640 Jones St
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Arby's 13640 Jones St
2,364 SF Retail Building Lavonia, GA 30553 £1,683,150 (£712/SF) 5.25% Net Initial Yield
Investment Highlights
- Long-Term Absolute NNN Lease
- Affluent Demographics
- Premier Retail Corridor
- Rental Increases Every 5 Years
- New Construction Drive-Thru QSR
- High Barrier To Entry
Executive Summary
Northmarq, on behalf of ownership as its exclusive advisor, is pleased to offer for sale the opportunity to acquire the fee simple interest in the Arby’s property located at Jones Street, Lavonia, GA (the “Property”). The Property consists of a quick service restaurant on a ±1.00 acre parcel. The Property features brand new construction to be completed in 2024.
The Property has direct frontage on Jones St (12,759 VPD) with immediate access to I-85 (43,154 VPD), providing ease of sight and easy accessibility. It is located in the middle of a dense retail area and surrounded by major retailers. The immediate 10-mile area serves an affluent population of 31,187 residents earning an average household income of $82,754 annually.
The Tenant is operating under an absolute NNN fifteen (15) year lease with a full 15 years remaining, providing income security through December 2039. The Lease provides entirely passive ownership, with Tenant responsible for 100% of all operating expenses and maintenance obligations. The Lease offers fixed rental growth of 10% every 5 years during the base term and each of the five, five-year renewal options.
The Property has direct frontage on Jones St (12,759 VPD) with immediate access to I-85 (43,154 VPD), providing ease of sight and easy accessibility. It is located in the middle of a dense retail area and surrounded by major retailers. The immediate 10-mile area serves an affluent population of 31,187 residents earning an average household income of $82,754 annually.
The Tenant is operating under an absolute NNN fifteen (15) year lease with a full 15 years remaining, providing income security through December 2039. The Lease provides entirely passive ownership, with Tenant responsible for 100% of all operating expenses and maintenance obligations. The Lease offers fixed rental growth of 10% every 5 years during the base term and each of the five, five-year renewal options.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,364 SF
Building Class
C
Year Built
2025
Construction Status
Under Construction
Price
£1,683,150
Price Per SF
£712
Net Initial Yield
5.25%
NOI
£88,365
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
1.00 AC
Zoning
001 - General Retail
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 063-145-C | Improvements Assessment | £0 |
Land Assessment | £250,329 | Total Assessment | £250,329 |
PROPERTY TAXES
Parcel Number
063-145-C
Land Assessment
£250,329
Improvements Assessment
£0
Total Assessment
£250,329
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Arby's | 13640 Jones St
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