We are pleased to announce that we have Just Sold a Brand New Popeyes NNN Property located in the Atlanta, GA metropolitan area at a Selling Price of $3,555,000. Alex Casablanca, Managing Broker at Casablanca Triple Net Lease Advisors represented the 1031 Exchange Buyer in the transaction. The lease features a 15 Years Absolute NNN Lease with No Landlord Responsibilities, 10% rental increases every 5 years, and One 5-Years renewal options.
Sold Price: $3,555,000
Cap Rate: 4.50%
Years on Lease: 15 Years
Lease Type: Absolute NNN
Extensions: One 5-Year Options
Rental Increases: 10% every 5 years
Guaranty: Popeyes Franchisee
Location: Buford, GA (Atlanta MSA)
Funding: All Cash, 1031 Exchange Buyer
Right in the middle of a massive real estate development
Explosive population growth within 1-mile radius
Walking distance from five newly constructed multifamily apartment complexes
Two minutes from the mall of Georgia, the largest mall in GA
Strong Demographics with an average household income of over $105,000
Premium access immediately off Exit of the Interstate I-85. Avg Traffic $148k
In the Epicenter of a Dense Retail Corridor
At Casablanca, we specialize in representing NNN Buyers, Sellers, Landlords, and 1031 Exchange Investors Nationwide USA. We have the knowledge and expertise to guide you along the way from market research, identifying potential properties, submitting offers and negotiating them, due diligence, up to the closing table. We have helped many NNN Buyers and 1031 Exchange Investors in finding and negotiating the best property according to their investment goals and risk tolerance.
We have the most competitive listing fees on the market for both Sellers and Landlords. Moreover, we represent our Buyer’s for Free since we get paid from the Seller, so you get our expert advice and representation at no additional cost to you. In addition, we also Pay for our Buyer’s Closing costs up to a maximum of $10k. This incentive will offset or cover completely the major Buyer’s closing costs expenses such as Title Fees, Attorney Fees, Recording Fees, among others. We are the Brokers that give you more in exchange for your trust.
If you have any questions feel free to contact me directly at 407-205-7570 or you can also email me at [email protected]. Feel free to call me anytime at your convenience, I’m always available for my clients. Thank you very much for watching this video and I’m looking forward to speaking with you.