2140 W Spring St
Monroe (Atlanta MSA), GA

Price: $1,790,000
Cap: 4.75%
NOI: $85,000
Building Size: 2,500 SF
Lot Size: 0.86 AC

Investment Highlights

• The subject property is a 2,500 SF Arby’s with a drive thru and two access points. It is strategically positioned at the entrance of a Home Depot and a Dollar Tree Anchored Strip Center. The property is also adjacent to a Walmart Supercenter.
• This Arby’s is located directly off Hwy 78 (24,800 VPD) on W Spring St (16,900 VPD).
• Located in the main retail corridor of Monroe, GA with national retailers including Publix, Big Lots, Tractor Supply and more.
• Directly across the street from Piedmont Walton Hospital, a 77 bed hospital with more than 400 employees.

• Monroe is the county seat of Walton County and is located off Hwy 78 one hour east of Atlanta and 30 minutes west of Athens.
• Home to multiple industries including a Walmart distribution center and Hitachi automotive systems of America.
• The Monroe-Walton County Airport supports over 13,000 aircraft operations per year.
• George Walton Academy (762 Students) is less an a mile from this Arby’s. Other schools in Monroe include Monroe High School (1,069 Students) and Carver Middle School (895 Students).
• The 5 mile population growth is over 12%.

• This property is located 40 miles from downtown Atlanta off Hwy 78 (24,800 VPD).
• Atlanta is the hub and economic engine of the Southeast, which is the fastest growing region in the U.S.
• Atlanta is home to multiple Fortune 500 companies including the Coca-Cola Company, Home Depot, Delta Air Lines, and more.
• Home to multiple colleges and universities including Georgia State (32,082 Students), Georgia Institute of Technology (26,839 Students), and Emory University (14,769 Students).
• Atlanta is also home to the busiest airport in the world, Hartsfield-Jackson Atlanta International Airport, which handles more than 100 million passengers per year.

• The subject property has 10 years remaining on an original 15 year corporate ground lease with Arby’s.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure.
• There are 5% rent increases in each of the five, 5-year option periods.

• Arby’s Restaurant Group, Inc. is the franchisor of the Arby’s Brand and is part of the Inspire Brands family of restaurants.
• Arby’s is the second-largest sandwich restaurant brand in the world with more than 3,500 restaurants in nine countries.
• Inspire Brands Owns over 11,100 Restaurants Including Arby’s, Buffalo Wild Wings, Sonic, Jimmy John’s and More.
• Arby’s was founded in 1964 and is headquartered in Atlanta, GA.

Don McMinn

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