6343 Joe Frank Harris Parkway Northwest

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6343 Joe Frank Harris Parkway Northwest

Adairsville, GA 30103
Asking Price
$2.13M
Cap Rate
6.35%
Asset Type
Storefront Retail
Class
Class B

What's Special

141,200 Residents in Primary Trade Area | Established Drive-Thru Only Location <p><strong>SECURE STREAM OF INCOME</strong></p><ul><li>​<strong>New 22-Year Absolute NNN Lease</strong> - Zero landlord responsibilities</li><li>​<strong>Established Drive-Thru Only Location with 9 Years of Operating History</strong> - Upward trending sales over the last few years (contact Broker for details)</li><li>​<strong>Strong Regional Fast-Food Brand with 880+ Locations</strong> - 7.5% rent increases every 5 years and renewal options</li><li>​<strong>Operated by Rapidly Growing Franchisee

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NOI
$80,000
Cap Rate
3.76%
DSCR
0.63
Underwater
Cash-on-Cash
-7.25%
Monthly Payment
$10,518.288
Annual Cash Flow
$-46,219.456

Location & Travel Times