Burger King (Athens NE)

600 Highway 29 N
Athens, GA 30601

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 3,210

Acreage: +/- 3.003

Price: $3,145,000

Cap Rate: 5.50%

Anchor Tenants: Kroger (Shadow Anchor)

Description:

  • 62 year old brand and second largest hamburger chain in the world with about 14,000 locations in 100 countries
  • 7th largest and one of fastest growing BK franchisees in the U.S. with over 220 restaurants in 9 states (largest in ATL)
  • 20 year absolute NNN lease commenced August 2015 with 7.5% rent bumps every 5 years and 4 renewal options
  • Built in 1996 and remodeled in 2014 with current rent-to-sales ratio around 8%
  • Located 65 miles west of Atlanta in Athens, home to the University of Georgia with more than 35,000 students
  • Adjacent to Athens Tech with more than 10,000 students
  • Outparcel to one of the largest Kroger stores in the state at 123,500 SF and additional retail and restaurants
  • 5 mile radius population over 76,000 with average household income over $38,000
  • Traffic counts in excess of 26,500 cars per day on Highway 29

Burger King (Athens NE)

Downloads

Demographics         

Site Plan         

Aerials         

Investment Flyer         

Contact

Tyson Glasser, CCIM
Investment Sales Director
(864) 263-5427 - Main
(404) 435-6312 - Mobile
tglasser@realtylinkdev.com