1456 Newnan Crossing Blvd E
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1456 Newnan Crossing Blvd E
3,100 SF Retail Building Newnan, GA 30265 $4,192,970 CAD ($1,353 CAD/SF) 5.70% Cap Rate
Investment Highlights
- Located Within the Atlanta MSA in An Affluent and Rapidly Expanding Area
- 10% Rental Increases Every Five Years | Affluent Surrounding Area with Average Annual Incomes of Nearly $100,000
- Freddy’s Frozen Custard & Steakburgers Has Approximately 450 Locations
- Long Term 20-Year Lease | Absolute Triple Net Lease with No Landlord Responsibilities
- Projected Annual Population Growth of Approximately 2.7% Within One Mile Over the Next Five Years
- Surrounded By Neighborhood Retailers Which Include Publix, CVS Pharmacy, Wal-Mart Supercenter, Lowe's, Home Depot And Many More
Executive Summary
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 Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,100 SF
Building Class
B
Year Built
2021
Price
$4,192,970 CAD
Price Per SF
$1,353 CAD
Cap Rate
5.70%
NOI
$238,999 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
1.29 AC
Zoning
RESIDENTIA
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 086-5021-010 | Improvements Assessment | $419,031 CAD |
| Land Assessment | $327,178 CAD | Total Assessment | $746,208 CAD |
PROPERTY TAXES
Parcel Number
086-5021-010
Land Assessment
$327,178 CAD
Improvements Assessment
$419,031 CAD
Total Assessment
$746,208 CAD
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Brenton Baskin -
Julius Swolsky -
Kevin Fitzpatrick -
Graystone Capital Advisors
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1456 Newnan Crossing Blvd E
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