Tim Hortons

6510 Tara Boulevard, Jonesboro, GA 30236

$2,215,000

Cap Rate 6.50%

Views: 80 DOM: 126 Updated: 10.14.24 Posted: 08.22.24 Status: Active

Summary

Price $2,215,000	Built/Renov 2024	Tenant Tim Hortons
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,933	Lease Start 12-01-2024	#Units 5
Price/SF $563.18	Expiration 12-31-2039	Tenant Type Fast Food/QSR
NOI $144,000	R. Term 15.0	Ownership Fee Simple
Rent/SF $36.61	Increases 7.5%/5/yrs	Pop 5Mi 201,979
Lot/AC 0.83	Options 2/5yrs/7.5%	AHHI 5Mi $67,239

Chase Murphy

Skyline Seven Real Estate

Contact

Lease Highlights

New construction completed in 2024
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 Tara Boulevard, with access to 35,000 vehicles passing by daily. The property is surrounded by well-known national tenants, including Dollar General, Burger King, Dollar Tree, Family Dollar, Starbucks, and more. Nearby educational institutions, including Jackson Elementary School, Jonesboro Middle School, and Jonesboro High School, are within a 3-mile...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Dense 200M+ pop 5 mi
Top 100 MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

Tim Hortons Wikipedia Tim Hortons Wikipedia Jonesboro, Georgia Zip Code 30236 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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