Restaurant

Sonic | Atlanta MSA | Long Term Abs Net Lease | 18+Yr Historical Occupancy | Hard Corner Location

1010 Pointe S Pkwy, Jonesboro (Atlanta MSA), GA 30238

Listing Price: $1,310,750

Cap Rate
6.00%
Tenant Name
Sonic
Years Remaining On Lease
11.9
Gross SF
1,757
Guarantor
Franchisee Guarantee
Rentable SF
1,757
Price/Gross SF
$746.02
Lease Type
Absolute Net
Rent Per Square Feet
$44.76

Investment Overview

Just 15 miles south of Atlanta, Jonesboro offers parks, fishing reservoirs, and award-winning golf facilities. One major attraction is The Beach, a six-acre lake and outdoor area featuring hiking, biking, tennis, and volleyball. The Beach was formerly a venue for the 1996 Olympic Games and part of the film sites for Hunger Games: Catching Fire. Now known as the Official Home of Gone With the Wind, thousands of visitors travel to Jonesboro, GA each year to visit plantations, museums, and bus tours. Jonesboro, GA is the county seat of Clayton County. Clayton County is included in the Atlanta-Sandy Springs-Roswell, GA Metropolitan Statistical Area. It is the home of Hartsfield-Jackson Atlanta International Airport. Atlanta is the capital of and the most populous city in the U.S. state of Georgia, with an estimated 2017 population of 463,878 . Atlanta is the cultural and economic center of the Atlanta metropolitan area, home to 5,522,942 people and the ninth largest metropolitan area in the United States.

Investment Highlights

  • Long Term Absolute Net Lease with 7% Rental Increases Every 5 Years. 18+ Year Historical Occupancy. Tenant Signed a Brand New 15 Year Lease in 2017 Demonstrating a Strong Commitment to the Location.
  • This Site Features a Drive-Thru. Positioned Along Area's Primary Commercial, Retail & Traffic Corridor. Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 50k Vehicles.
  • Lease Guaranteed by PVG Restaurants Group, an Experienced 30+ Unit Sonic Operator and the Largest Sonic Franchisee in the Atlanta MSA.
  • Across from Pointe South Shopping Center - Near Numerous National Retailers including CVS Pharmacy, Dollar General, Family Dollar and many more.
  • Minutes from Fayette Pavilion - A Regional Shopping Center featuring more than 65 Retailers including a Walmart Supercenter, The Home Depot, Target, Publix, Hobby Lobby, Kohl's, Ross and more.
  • In Close Proximity to Fun Spot America Theme Parks Atlanta - Offers over 24 Family Attractions, Thrill Rides, 3 Mini-Golf Courses, Go-Kart Tracks, Roller Coaster and Batting Cages.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

Restaurant

Sonic | Atlanta MSA | Long Term Abs Net Lease | 18+Yr Historical Occupancy | Hard Corner Location

Listing Price: $1,310,750

Cap Rate
6.00%
Tenant Name
Sonic
Years Remaining On Lease
11.9
Gross SF
1,757
Guarantor
Franchisee Guarantee
Rentable SF
1,757
Price/Gross SF
$746.02
Lease Type
Absolute Net
Rent Per Square Feet
$44.76

Investment Highlights

  • Long Term Absolute Net Lease with 7% Rental Increases Every 5 Years. 18+ Year Historical Occupancy. Tenant Signed a Brand New 15 Year Lease in 2017 Demonstrating a Strong Commitment to the Location.
  • This Site Features a Drive-Thru. Positioned Along Area's Primary Commercial, Retail & Traffic Corridor. Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 50k Vehicles.
  • Lease Guaranteed by PVG Restaurants Group, an Experienced 30+ Unit Sonic Operator and the Largest Sonic Franchisee in the Atlanta MSA.
  • Across from Pointe South Shopping Center - Near Numerous National Retailers including CVS Pharmacy, Dollar General, Family Dollar and many more.
  • Minutes from Fayette Pavilion - A Regional Shopping Center featuring more than 65 Retailers including a Walmart Supercenter, The Home Depot, Target, Publix, Hobby Lobby, Kohl's, Ross and more.
  • In Close Proximity to Fun Spot America Theme Parks Atlanta - Offers over 24 Family Attractions, Thrill Rides, 3 Mini-Golf Courses, Go-Kart Tracks, Roller Coaster and Batting Cages.

Investment Overview

Just 15 miles south of Atlanta, Jonesboro offers parks, fishing reservoirs, and award-winning golf facilities. One major attraction is The Beach, a six-acre lake and outdoor area featuring hiking, biking, tennis, and volleyball. The Beach was formerly a venue for the 1996 Olympic Games and part of the film sites for Hunger Games: Catching Fire. Now known as the Official Home of Gone With the Wind, thousands of visitors travel to Jonesboro, GA each year to visit plantations, museums, and bus tours. Jonesboro, GA is the county seat of Clayton County. Clayton County is included in the Atlanta-Sandy Springs-Roswell, GA Metropolitan Statistical Area. It is the home of Hartsfield-Jackson Atlanta International Airport. Atlanta is the capital of and the most populous city in the U.S. state of Georgia, with an estimated 2017 population of 463,878 . Atlanta is the cultural and economic center of the Atlanta metropolitan area, home to 5,522,942 people and the ninth largest metropolitan area in the United States.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

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