BRAND NEW TRIPLE NET LEASED QSR INVESTMENT IN METRO ATLANTA - RealtyLink
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BRAND NEW TRIPLE NET LEASED QSR INVESTMENT IN METRO ATLANTA
3150 Turner Hill Road, Lithonia, GA 30038
2.025 Acres · 3,962 Square Feet
$3,231,000 · 6.50% Cap Rate
Representative Photo
For investment information:
J. Tyson Glasser, CCIM • Investment Sales Director
tglasser@realtylinkdev.com • 864.263.5427 o • 404.435.6312 c
1
TABLE OF CONTENTS
Property Cover 1
Table of Contents 2
Investment Highlights 3
Investment Summary 4
Site Plan 5
Location Map & Aerial 6
Tenant Profile 7
Market Profile 8-9
Contact Information 10
Click on page number to skip to page
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INVESTMENT HIGHLIGHTS
• 20 year absolute triple net lease that commenced in November 2017
• 10% rent bumps every 5 years with 4 renewal options of 5 years each
• Larger than prototypical store footprint at 3,962 SF built on 2+ acres in Summer 2017
• Projected high sales volume location 19 miles east of downtown Atlanta along the I-20 corridor
(132,000 AADT at exit 75)
• Positioned next to The Mall at Stonecrest, a 1.2 million SF super regional shopping and entertainment
center (future 341,000 SF expansion) at the heart of an 1,100 acre master planned community
• Stonecrest is the future home of Atlanta Sports City, a 200 acre $350 million project expected to draw
3+ million visitors annually with a scheduled completion in 2020 (click HERE for more info)
• 20 mile radius trade area population of 2.1 million (9.75% growth since 2010) with 6.5% projected
growth by 2022 (2017 data)
• Average household income of $75,000 within the trade area (2017 data)
• Dekalb County is the fourth most populous in the state with 735,000 residents who speak 140 different
languages (2016 data)
3
INVESTMENT SUMMARY
Offering Details
Purchase Price: $3,231,000 Lease Details
Cap Rate: 6.50% Lease Type: Absolute Triple Net Fee Simple
Land Size: +/- 2.025 Acres or +/- 88,193 Square Feet Current Lease Term: 20 Years
Building Size: +/- 3,962 Square Feet Lease Commencement: November 1, 2017
Lease Expiration: October 31, 2037
Building Age: Construction completed September 2017
Renewal Options: 4 Options 5 Years each
Frontage: +/- 206 Feet on Turner Hill Rd
Annual Base Rent: $210,000.00 (Years 1-5)
+/- 34 Feet on Mall Pkwy
Rental Increases: 10% every 5 Years
Access: One main entrance/exit on Turner Hill Rd
Percentage Rent: 3% of Gross Sales over Breakpoint
One side entrance/exit on Mall Pkwy
Tenant/Guarantor: Atlantic Food Company, LLC
Parking: 54 total spaces with 2 handicap spaces Right of First Refusal: 10 days from receipt of notice to
Zoning: C-2 (General Commercial District) exercise (one time right)
Traffic Counts: +/- 18,700 AADT on Turner Hill Rd north of Mall
(2016 data) Pkwy
+/- 132,000 AADT on I-20 west of Turner Hill Rd
Demographic Details
3 Mile 5 Mile 10 Mile
POPULATION 26,691 97,058 413,118
HOUSEHOLDS 10,644 36,096 148,558
AVERAGE HH INCOME $54,110 $58,408 68,788
MEDIAN HH INCOME $40,094 $44,735 $54,359
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LOCATION MAP & AERIAL
7
SITE PLAN
8
TENANT PROFILE
Bojangles’ (NASADAQ: BOJA) is a highly differentiated and
growing restaurant operator and franchisor dedicated to
serving customers high-quality, craveable food made from their
Southern recipes. Founded in 1977 in Charlotte, North Carolina,
Bojangles’ serves menu items such as delicious, famous chicken,
made-from-scratch buttermilk biscuits, flavorful fixin’s and
Legendary Iced Tea®. At September 24, 2017, Bojangles’ had 749
system-wide restaurants, of which 316 were company-operated
and 433 were franchised restaurants, primarily located in the
Southeastern United States. Visit www.bojangles.com for more
information.
Atlantic Food Company is an independently owned and
operated company with members having over 38 years of
experience in the QSR and casual dining industry. They have a
long history of successfully operating restaurants from California
to Virginia. They just opened their second Bojangles’ location and
with a multi-unit franchise agreement in place, they will continue
expanding in the metro Atlanta area for years to come. Current
plans call for the opening of 5-7 units over the next several years.
Visit www.mylocalbojangles.com for more information.
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MARKET PROFILE
5 MILE RADIUS Lithonia/Dekalb County
From Lake Lanier to Stone Mountain, you can find adventure
at every altitude in bustling DeKalb County, Georgia.
Conveniently located in metro Atlanta’s backyard. Besides
being only 18 miles from downtown Atlanta, DeKalb County
has numerous world-class parks, recreational and cultural
activities, as well as well designed green space and health
care services, are available for all ages. Four major interstates
and MARTA (Metropolitan Atlanta Rapid Transit Authority)
public transportation are easily accessible. DeKalb is also the
home of Georgia’s second busiest airport - DeKalb Peachtree
Airport.
DeKalb County is Georgia’s third largest county with more
than 700,000 residents calling it home. One of DeKalb’s most
well-known attractions is Stone Mountain Park, home to the
world’s largest free-standing piece of exposed granite and
the world’s largest relief sculpture.
DeKalb is the headquarters of some of the county’s most
prominent businesses and organizations including the
Center for Disease Control (CDC), the only federal agency
based outside of Washington, DC; the Yerkes Primate Center;
American Cancer Society and Emory University’s ins Research
Center. DeKalb has emerged as one of Georgia’s most culturally
diverse communities. More than 64 languages representing
Asian, Hispanic, European and African cultures are spoken.
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MARKET PROFILE
5 MILE RADIUS
EDUCATION
8%
No High 34%
School
Some College
Diploma 29% 28%
High School Bachelor's/Grad/Prof
Graduate Degree
EMPLOYMENT
66%
White Collar
19% 6.9%
Blue Collar
Unemployment
16% Rate
Services
Households By Income
The largest group:
Investment Contacts:
J. Tyson Glasser, CCIM
Investment Sales Director
tglasser@realtylinkdev.com
864.263.5427 o • 404.435.6312 c
550 South Main Street, Suite 300 • Greenville, SC 29601
864.242.4008 p • 864.232.0160 f • www.REALTYLINKDEV.com
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warranty or representation of it. The information is subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without
notice, and it is not a substitute for a thorough due diligence investigation. We include opinions, projections, estimations and assumptions for example purposes only. This information may not
represent current or future performance of the property. Seek legal advise and conduct due diligence if exact numbers are desired.
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