Papa John's

Investment Overview

Prime Net Lease is pleased to present the exclusive listing for a Papa John’s located in Carrolton, GA. The site consists of roughly 2,057 rentable square feet of building space on estimated 0.29-acre parcel of land. The subject property benefits from being well positioned on a dense retail corridor consisting of major national and local tenants, as well as large shopping centers, all within close proximity of this property. The franchisee guaranteed original lease has over 17 years remaining on its initial term. Fresh Dough GA, LLC, is a premier Papa John's Franchisee operating 12 Papa John's Restaurants in the Greater Atlanta Region. This absolute NNN lease has 2% annual rental increases during the base term and grants the Tenant two successive 5-year options to extend the lease. The Property has excellent visibility and is conveniently situated on Maple Street, which traffics an average of approximately 15,500 vehicles daily. Maple Street intersects with South Park Street just under one mile from the subject property, which brings an additional 30,400 vehicles into the immediate area on average daily. There are more than 44,000 individuals residing within a five-mile radius of the property and more than 77,000 individuals within a ten-mile radius. The subject property benefits from being well-positioned in a dense retail corridor consisting of national and local tenants, as well as large shopping centers, all within close proximity of this property. Major national tenants in the area include McDonald’s, Burger King, Wendy’s, Pizza Hut, Subway, Chipotle, Domino’s, Walgreen’s and others. This Papa John’s also benefits from being across the street from the University of West Georgia, which enrolls 13,400 students annually. The Papa John’s is also under a mile from the Carrollton Public School campus, where all the city’s public schools are located, and where just under 5,500 students attend school daily.

Investment Highlights

• LONG TERM LEASE - The subject property has over 17 years remaining on the initial term of a 20-year Absolute NNN Lease.
• ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands off" investment.
• ANNUAL RENTAL INCREASES - 2% Annual Rental increases throughout the base term gives the investor the ability to hedge against inflation.
• STRONG DEMOGRAPHICS - Population Exceeds 40,000 Individuals Within a Five-Mile Radius.
• GREAT LOCATION - Well-located asset within the growing Atlanta MSA. Positioned near several neighboring national and local retailers including McDonald’s, Burger King, Wendy’s, Pizza Hut, Subway, Chipotle, Domino’s, Walgreen’s, and many more.
• UNIVERSITY PRESENCE - Across the Street from University of West Georgia with over 13,400 Students in attendance.
• HIGH TRAFFIC COUNTS - Over 15,000 vehicles daily along Maple Street with 30,400 additional vehicles from South Park Street.