December 17, 2021 – Dan Bernardini of Horvath & Tremblay has successfully completed the sale of Popeyes in Blue Ridge, Georgia. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,860,000.
The Popeyes is located at 30 Cooke Street in Blue Ridge, Georgia. The property consists of 2.11-acres of land improved with a 2,144 square foot building. The newly constructed restaurant has a brand new 15-year lease in place with a highly awarded franchisee currently operating more than 100 Popeyes and Dunkin’ restaurants in Florida and Georgia. The lease calls for 10 percent rental increases every five years in the base term, as well as in the four (4), 5-year renewal options. The property is strategically located at a busy signalized intersection directly across from Burger King and Arby’s, in the heart of the retail corridor anchored by Home Depot and Wal-Mart. This property benefits from its convenient access at the hard corner of Appalachian Hwy and Cook Street, which boasts over 28,000 VPD. The Blue Ridge population has been rapidly growing and is expected to grow another 6.0% over the next 5-years.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.