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Views: 283 DOM: 267 Updated: 05.29.24 Posted: 03.10.24 Status: Active

Summary

Price $4,348,000
Built/Renov 2024
Tenant Guthrie's Chicken
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,092
Lease Start 06-01-2024
#Units 50
Price/SF $2,078.39
Expiration 05-31-2039
Tenant Type Fast Food/QSR
NOI $250,000
R. Term 14.6
Ownership Fee Simple
Rent/SF $119.50
Increases 5.0%/5/yrs
Pop 5Mi 53,113
Lot/AC 1.00
Options 2/5yrs/5%
AHHI 5Mi $90,004

Lease Highlights

  • Brand-new 2024 construction
  • Guthrie’s Chicken will be executing a brand-new 15-year lease with 2 (5-year) options to extend at the close of escrow
  • The lease features 5% rental increases every 5 years
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by GUT USA, LLC (50 units backed)

Location Description

Guthrie's Chicken is strategically located on Hwy 20, with access to 22,900 vehicles passing by daily. The property is adjacent to the newly constructed Sherwin-Williams and Bartow Marketplace, which features a Walmart Supercenter and Lowe’s anchored shopping center. Additionally, it is conveniently situated a couple of blocks from Piedmont Cartersville Medical Center and approximately...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Guthrie's Chicken
  • Guarantor:Franchisee
  • Company:GUT USA, LLC
  • # Units:50
  • Stock:Private

About Tenant

Guthrie's is a fast-casual, franchised restaurant chain, best known for being the original Chicken Fingers restaurant. The first location was opened in Haleyville, AL in 1965 by Hal Guthrie...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,271 30,218 54,354
2023 Total Population : 2,207 28,805 52,670
2023 Employed Civilian Pop : 750 13,279 24,118
2023 Total Businesses : 302 1,709 2,404
2023 Average Household Income : $ 70,200 $ 85,231 $ 89,938
2023 Total Consumer Spending : $ 50 M $ 841 M $ 1580 M
2023 Median Age : 35 36 37
2023 Total Households : 817 11,262 20,152
2023 Pop Age 25+: Bachelor's Degree : 193 2,744 5,510
2023 Average Home Value : $ 259,404 $ 246,261 $ 267,400
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Canton Highway Buena Vista Cir SE 2019 22,900 0.06 mi
Canton Highway Pleasant Cir 2018 13,000 0.06 mi
Cline Smith Road Northeast Old Cline Smith Rd NE 2019 3,590 0.35 mi
Roving Rd Roving Hills Cir SE 2005 110 0.36 mi
Canton Hwy Market Pl Blvd 2016 19,100 0.52 mi
Joe Lee Rd SE Canton Hwy 2010 22,330 0.71 mi
Joe Frank Harris Pkwy SE Market Pl Blvd 2007 30,420 0.74 mi
Joe Frank Harris Parkway Southeast Ridge Way 2018 31,700 0.82 mi
Joe Frank Harris Parkway Southeast Ridge Way 2019 31,900 0.82 mi
2010 1,780 0.87 mi

Listing Broker

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