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$ 2,914,768
Oakwood, Georgia
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Address: 4538 Oakwood Road, Oakwood, Georgia, United States 30566

Type: Restaurant

Cap Rate: 6.25%

Lease Type: Triple-Net (NNN)

Annual Rent: $182,173

Net Operating Income: $182,173

Lease Term Remaining: 15 Years

Rental Increases: 2 Percent Annually

Options: Four (4), Five (5)-Year

Year Built: 2014

Rentable Sq/Ft: 3,000 SF

Rent Sq/Ft: $60.72

Price Sq/Ft: $972

Lot Size: 1.36 Acres

About the Investment

  • A 20-Year Triple Net (NNN) Lease | 15.2 Years Remaining
  • Excellent Profitability at this Location
  • Ideal Highway Access and Visibility
  • A 99+ Unit Guarantee – 2nd Largest Hardee’s Operator in the System
  • Has Two Percent Annual Rental Increases
  • Scrape and Rebuild in 2014
  • Has Four, Five-Year Tenant Renewal Option Period

About the Location

  • Dense Retail Corridor | Surrounded By Walmart, Sam’s Club, Starbucks,
    Publix, Ollie’s Bargain Outlet, Aldi’s, Chick-Fil-A, Walgreen’s, Burger King,
    Waffle House
  •  Less Than One Mile From the University of North Georgia, Gainesville| Sixth
    Largest Public University In The State| Total Enrollment of Nearly 9,000
  •  The Subject Property is Located Approximately 8 Miles Southwest of
    Northeast Georgia Medical Center | 550-Bed State-of-the-Art Medical Facility
  • Outstanding Demographics | Roughly 72,000 People Living Within A Five-Mile
    Radius of the Subject Property
  • Outparcel to a Recently Constructed Shopping Center | Anchor Tenants
    Include: Ollie’s Bargain Outlet and Aldi’s

About the Brand

  • The tenant is Empire Restaurants, limited liability company (LLC), a 37-unit
    operator. The lease will be guaranteed by Empire Restaurants, LLC’s parent
    company, Summit Restaurant Holdings. With over 99 units, Summit
    Restaurant Holdings is the second largest Hardee’s franchisee in the Carl
    Karcher Enterprises (CKE) System.
  • Dedicated to Serving Great Food in a Great Atmosphere as well as Serving the
    Greater Community at Each of Their Locations

This subject investment property is situated at 4538 Oakwood Road in Oakwood, Georgia. Oakwood Road runs perpendicular to Highway 53, which has an average daily traffic count of over 25,000 vehicles, and parallel to Lanier Parkway, which has an average daily traffic count of 56,000 vehicles. The subject property is located in a highly dense residential area with roughly 72,000 people living within a five-mile radius. The property benefits from its one-mile proximity to the University of North Georgia – Gainesville Campus. The university has a total enrollment of nearly 9,000 students.

The subject property is also well-positioned in a dense retail corridor consisting of shopping centers and national and local retail tenants, which are all situated in the immediate surrounding area. Major national tenants in the area include: Walmart, Sam’s Club, Aldi, Ollie’s Bargain Outlet, Publix Super Market, Walgreens, Chick-fil-A, Waffle House, McDonald’s, Dunkin’ Donuts, Burger King, Arby’s, Starbucks, Firehouse Subs, Dairy Queen, and Subway, as well as numerous other retail and restaurant concepts along with several automotive dealerships. The property is located roughly 8 miles from the Northeast Georgia Medical Center, which is a 550-bed state-of-the-art medical facility.

Oakwood is a city in Hall County, Georgia, which is located approximately 48 miles northeast of Atlanta. Encompassing $304 billion, the Atlanta metropolitan area is home to the eighth- largest economy in the country and 17th-largest in the world. Over 75 percent of Fortune 1000 companies conduct business in Atlanta. Many corporations are drawn to Atlanta on account of the city’s educated workforce. As of 2010, 43 percent of adults in the city have college degrees, compared to the national average of 27 percent. Atlanta is
home to the headquarters of many different corporations such as The Coca- Cola Company, The Home Depot, Delta Air Lines, AT&T Mobility, Chick-fil-A, UPS, and Newell Rubbermaid, amongst others. Atlanta is also the capital of the U.S. state of Georgia. It played an important role in both the Civil War and the 1960s Civil Rights Movement. The Atlanta History Center chronicles the city’s past, and the Martin Luther King Jr. National Historic Site, which was recently declared a national park.

Georgia Broker of Record: Michael Fasano – License # 352663


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Glen Kunofsky

President, Founder
(212) 430-5115

Christopher Urban

Vice President, Investments
(212) 430-5123