Guthrie's Chicken

5446 Highway 20 Northeast, Cartersville, GA 30121

$4,348,000

Cap Rate 5.75%

Views: 269 DOM: 256 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...

...

Key Features

New construction
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Affluent suburb location
Brand new lease
Long 15+ yr lease
Absolute NNN
50+ unit franchisee backed

...

Links

Guthrie's Chicken Wikipedia Cartersville, Georgia Zip Code 30121 Broker Site Page

Maps

Local Information

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...

...

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

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
28503 Views
23 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
27495 Views
21 Sold

Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

...

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT