Hardee's, Kennesaw

3900 Jiles Road
Kennesaw, Georgia 30144

PROPERTY SOLD

Property: Investment Sales

Square Footage: 3,037

Acreage: 1.03

Price: $2,392,000

Cap Rate: 5.50%

Description:

  • 20 year NNN corporate lease with 7% rent bumps every 5 years (commenced 7/22/14)
  • Brand new construction next to McDonald’s, directly across from a Publix shopping center and in front of ITT Tech (+/- 1,000 students)
  • Only 1 mile off I-75 which has over 100,000 cars per day at the exit
  • Dense suburban Atlanta bedroom community with over 75,000 residents in a 3 mile radius
  • Less than 2 miles from Kennesaw State University (25,000+ students) and 3 miles from Town Center at Cobb (1.28 million SF – Macy’s, JC Penney, Belk, Sears)
  • Minutes from Lake Allatoona, a U.S. Army Corps of Engineers reservoir and one of the most popular lakes in the country with 270 miles of shoreline covering more than 12,000 acres
  • Kennesaw has received numerous awards over the years and Cobb County is the fourth most populous in Georgia with over 700,000 residents
  • U.S. Census Bureau ranks Cobb as the most educated in GA and amongst the top 100 wealthiest in the U.S.