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Applebee's | 6.25% Cap Rate

1531 Highway 400 South
Dawsonville, GA 30534
PRICE : $2,995,000
PROPERTY TYPE: Retail
SITE SIZE: 1.41 Acres
BUILDING SIZE: 4,740 SF
YEAR BUILT: 2005

Highlights

  • Value priced at a 6.25% cap rate with a strong, Atlanta based guarantor
  • Current NNN lease expires in 2032 with annual rent increases of 1.25% and six 5 year options
  • Strong retail trade area in Atlanta MSA with several big box retailers, outlet traffic generators and area tourist destinations
  • Continued area growth due to need for increased workforce to support tourist and retail expansion
  • Signalized corner with over 27,900+ vehicles per day

Description

Bull Realty is pleased to offer FOR SALE this Applebee's casual dining restaurant, located in Dawsonville, GA, less than 30 miles north of Atlanta on busy GA Hwy 400 which has traffic counts in excess of 27,900+ vehicles daily. This attractive 4,740 square foot restaurant, on a large 1.41 acre parcel is situated at a signalized corner, across from several area retailers including Kroger, Ross, Verizon, RaceTrac and others and within a 1/4 of a mile is the North Georgia Premium Outlets, featuring over 140 stores.

Applebee's is operated by NRP (Neighborhood Restaurant Partners, LLC), a wholly owned subsidiary of Atlanta based private equity firm, Argonne Capital. NRP operates over 120 Applebee's in AL, FL, GA, and TX. It's parent, Argonne, is also a large franchisee of IHOP, Krystal, On the Border, and John Deere locations. The original 20 year NNN lease has over 15 years remaining on the term with six 5 year options. There are annual rent increases of 1.25%.

For mapping purposes, please search address as 31 Bethal Drive, Dawsonville, GA 30534.

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