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Shopping Strip

Panera Bread, Peachtree Immediate Care & Buffalo Wild Wings 'GO' (Atlanta MSA)

11244 Tara Blvd, Hampton, GA 30228

Listing Price: $5,856,000

Cap Rate
6.25%
Gross SF
9,000
Rentable SF
9,000
Price/Gross SF
$650.67
Lot Size
2.16 acres
Year Built
2023

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 3-tenant property occupied entirely by Panera Bread, Peachtree Immediate Care & Buffalo Wild Wings ‘GO’. The property is located in Hampton, Georgia which is part of the Atlanta MSA. This is a brand new, 9,000-square-foot, 100% occupied multi-tenant restaurant and medical plaza. With the plaza having just three tenants under long-term leases, there is extreme ease of management for an owner. All tenants are now open. There is a 15-year roof warranty in place providing a buyer with peace of mind as relates to maintenance. The Panera Bread includes both a drive-thru lane and patio seating.

All tenants have brand new, long-term, triple net (NNN) leases. The Panera has a base lease term of 15 years and the Peachtree Immediate Care and Buffalo Wild Wings both offer 10-year leases. Each lease offers three, five-year tenant renewal options with rent increases throughout the base term and option periods.

This Panera location is operated by the franchisee Manna Capital Partners, LLC, an award-winning entity. In addition to 48 Panera Bread units, Manna operates approximately 250 Wendy’s, 125 Pizza Huts, and 60 Fazoli’s. Recently, Manna Capital Partners declared intentions to allocate nearly $600 million for the construction of a beverage production and distribution center in Montgomery, AL.

Peachtree Immediate Care has expanded to become the largest urgent care provider in both the Atlanta Metropolitan Statistical Area (MSA) and the State of Georgia. It serves as the urgent care partner of the Emory Healthcare Network, operating in over 40 locations in Metro Atlanta and surrounding communities. The parent company, CRH Healthcare, was recognized by Inc. 500 as the fastest-growing privately held urgent care operator in the country.

Hampton, Georgia is part of the Atlanta metro area which has a population of approximately 5.9 million residents. The property is 23 miles from Downtown Atlanta; Georgia State University, one of the largest universities in the state with 52,000 students; Emory University, one of the largest employers in the metro with 32,482 full time staff members; and Grady Memorial Hospital, the largest general hospital in Georgia with 953 beds and 3,000 physicians.

The subject property is within three miles of several middle and high schools, serving more than 4,100 students. The property is also less than five miles from Atlanta Motor Speedway, and the Atlanta Speedway Airport. The plaza is located in a high traffic area on Tara Boulevard/US Highway 41 which has a daily traffic count of more than 40,800 vehicles. Other surrounding national retailers include Walmart Supercenter, The Home Depot, Aldi, Food Depot, Anytime Fitness, Cato Fashions, Hibbett Sports, Family Dollar, Dollar Tree, AT&T, T-Mobile, Cricket Wireless, Advance Auto Parts, AutoZone, Papa John’s Pizza, Burger King, Chick-fil-A, McDonald’s, Taco Bell, Dairy Queen, Wells Fargo, Dunkin Donuts and many more.

Investment Highlights

  • 9,000 Square Feet of Brand-New Retail & Medical Space 100 Percent Occupied by Peachtree Immediate Care, Panera Bread and Buffalo Wild Wings 'GO' – All Tenants Now Open
  • All Tenants Have Long Term, Triple Net (NNN) Leases | Panera Bread Includes a Drive Thru and Patio Seating
  • Offers Ease of Management with Only Three Tenants | 15-Year Roof Warranty in Place
  • Peachtree Immediate Care is the Urgent Care Partner of the Emory Healthcare Network, With More Than 40 Locations in Metro Atlanta and the Surrounding Communities
  • This Panera Location is Operated by Award-Winning Franchisee, Manna Capital Partners, LLC - In Addition to 48 Panera Bread Units, Manna Operates Approx. 250 Wendy's, 125 Pizza Huts, and 60 Fazoli's
  • Population Over 160,000 Within a Seven-Mile Radius | Located on Tara Boulevard/US Highway 41 With a Daily Traffic Count of More Than 40,800 Vehicles
  • Located on Tara Boulevard/US Highway 41 With a Daily Traffic Count of More Than 40,800 Vehicles
  • Surrounding National Retailers Include Walmart Supercenter, The Home Depot, Aldi, Food Depot, Rainbow Shops, Cato Fashions, Hibbett Sports, Family Dollar, Dollar Tree, AT&T, T-Mobile, Cricket Wireless, Advance Auto Parts, O'Reilly Auto Parts, Jiffy Lube, AutoZone, Papa John's Pizza, Burger King, Chick-fil-A, McDonald's, Taco Bell, KFC, Dairy Queen, Wells Fargo, Dunkin Donuts and Many More

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Shopping Strip

Panera Bread, Peachtree Immediate Care & Buffalo Wild Wings 'GO' (Atlanta MSA)

Listing Price: $5,856,000

Cap Rate
6.25%
Gross SF
9,000
Rentable SF
9,000
Price/Gross SF
$650.67
Lot Size
2.16 acres
Year Built
2023

Investment Highlights

  • 9,000 Square Feet of Brand-New Retail & Medical Space 100 Percent Occupied by Peachtree Immediate Care, Panera Bread and Buffalo Wild Wings 'GO' – All Tenants Now Open
  • All Tenants Have Long Term, Triple Net (NNN) Leases | Panera Bread Includes a Drive Thru and Patio Seating
  • Offers Ease of Management with Only Three Tenants | 15-Year Roof Warranty in Place
  • Peachtree Immediate Care is the Urgent Care Partner of the Emory Healthcare Network, With More Than 40 Locations in Metro Atlanta and the Surrounding Communities
  • This Panera Location is Operated by Award-Winning Franchisee, Manna Capital Partners, LLC - In Addition to 48 Panera Bread Units, Manna Operates Approx. 250 Wendy's, 125 Pizza Huts, and 60 Fazoli's
  • Population Over 160,000 Within a Seven-Mile Radius | Located on Tara Boulevard/US Highway 41 With a Daily Traffic Count of More Than 40,800 Vehicles
  • Located on Tara Boulevard/US Highway 41 With a Daily Traffic Count of More Than 40,800 Vehicles
  • Surrounding National Retailers Include Walmart Supercenter, The Home Depot, Aldi, Food Depot, Rainbow Shops, Cato Fashions, Hibbett Sports, Family Dollar, Dollar Tree, AT&T, T-Mobile, Cricket Wireless, Advance Auto Parts, O'Reilly Auto Parts, Jiffy Lube, AutoZone, Papa John's Pizza, Burger King, Chick-fil-A, McDonald's, Taco Bell, KFC, Dairy Queen, Wells Fargo, Dunkin Donuts and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 3-tenant property occupied entirely by Panera Bread, Peachtree Immediate Care & Buffalo Wild Wings ‘GO’. The property is located in Hampton, Georgia which is part of the Atlanta MSA. This is a brand new, 9,000-square-foot, 100% occupied multi-tenant restaurant and medical plaza. With the plaza having just three tenants under long-term leases, there is extreme ease of management for an owner. All tenants are now open. There is a 15-year roof warranty in place providing a buyer with peace of mind as relates to maintenance. The Panera Bread includes both a drive-thru lane and patio seating. All tenants have brand new, long-term, triple net (NNN) leases. The Panera has a base lease term of 15 years and the Peachtree Immediate Care and Buffalo Wild Wings both offer 10-year leases. Each lease offers three, five-year tenant renewal options with rent increases throughout the base term and option periods. This Panera location is operated by the franchisee Manna Capital Partners, LLC, an award-winning entity. In addition to 48 Panera Bread units, Manna operates approximately 250 Wendy’s, 125 Pizza Huts, and 60 Fazoli’s. Recently, Manna Capital Partners declared intentions to allocate nearly $600 million for the construction of a beverage production and distribution center in Montgomery, AL. Peachtree Immediate Care has expanded to become the largest urgent care provider in both the Atlanta Metropolitan Statistical Area (MSA) and the State of Georgia. It serves as the urgent care partner of the Emory Healthcare Network, operating in over 40 locations in Metro Atlanta and surrounding communities. The parent company, CRH Healthcare, was recognized by Inc. 500 as the fastest-growing privately held urgent care operator in the country. Hampton, Georgia is part of the Atlanta metro area which has a population of approximately 5.9 million residents. The property is 23 miles from Downtown Atlanta; Georgia State University, one of the largest universities in the state with 52,000 students; Emory University, one of the largest employers in the metro with 32,482 full time staff members; and Grady Memorial Hospital, the largest general hospital in Georgia with 953 beds and 3,000 physicians. The subject property is within three miles of several middle and high schools, serving more than 4,100 students. The property is also less than five miles from Atlanta Motor Speedway, and the Atlanta Speedway Airport. The plaza is located in a high traffic area on Tara Boulevard/US Highway 41 which has a daily traffic count of more than 40,800 vehicles. Other surrounding national retailers include Walmart Supercenter, The Home Depot, Aldi, Food Depot, Anytime Fitness, Cato Fashions, Hibbett Sports, Family Dollar, Dollar Tree, AT&T, T-Mobile, Cricket Wireless, Advance Auto Parts, AutoZone, Papa John’s Pizza, Burger King, Chick-fil-A, McDonald’s, Taco Bell, Dairy Queen, Wells Fargo, Dunkin Donuts and many more.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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