Tim Hortons

7940 Senoia Road, Fairburn, GA 30213

$2,215,000

Cap Rate 6.50%

Views: 81 DOM: 122 Updated: 10.14.24 Posted: 08.21.24 Status: Active

Summary

Price $2,215,000	Built/Renov 2014	Tenant Tim Hortons
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,460	Lease Start 12-01-2024	#Units 5
Price/SF $900.41	Expiration 12-31-2039	Tenant Type Fast Food/QSR
NOI $144,000	R. Term 15.0	Ownership Fee Simple
Rent/SF $58.54	Increases 7.5%/5/yrs	Pop 5Mi 77,907
Lot/AC 0.98	Options 2/5yrs/7.5%	AHHI 5Mi $84,018

Chase Murphy

Skyline Seven Real Estate

Contact

Lease Highlights

Brand new 15-year sale-leaseback with 2 (5-year) options to extend
The lease features 7.5% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Strong franchisee | Operates Popeye’s, Tim Hortons, Checkers & Moe’s

Location Description

Tim Hortons is strategically located on Senoia Road, with access to 29,000 vehicles passing by daily. The property is conveniently situated off I-85 and positioned in front of a large multifamily development. The immediate area features well-known national tenants, including Tractor Supply Co., IHOP, Verizon, Chipotle, RaceTrac, and more. The 5-mile trade area supports a population of 77,907...

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Key Features

Dense retail corridor
Near major nationals
Strategically located
Freeway close
Top 100 MSA
Affluent suburb location
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

Tim Hortons Wikipedia Tim Hortons Wikipedia Fairburn, Georgia Zip Code 30213 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Tim Hortons
Guarantor:Franchisee
Company:Franchisee
# Units:5
Tenant S&P: BB
Stock: NYSE: QSR

About Tenant

Tim Hortons, Inc., commonly known as Tim’s or Timmies, is a Canadian multinational fast food restaurant chain. Their restaurants serve coffee, doughnuts, and other fast food items, and are...

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Listing Broker

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