Burger King (Athens SE)

1960 Barnett Shoals Rd
Athens, GA 30605

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 3,211

Acreage: +/- 1.11

Price: $1,835,000

Cap Rate: 5.75%

Anchor Tenants: Publix, Kroger (Shadow Anchors)

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
  • Rent-to-sales ratio of 8.70% based on 2014 store sales (future remodel planned)
  • Located 60 miles west of Atlanta in Athens, home to the University of Georgia with more than 35,000 students
  • Outparcel to a Publix anchored neighborhood center strategically positioned between Chick-fil-A and Wendy’s
  • 3 mile radius population over 51,000 with average household income over $40,000
  • Traffic counts in excess of 22,500 cars per day on Barnett Shoals Road

 

Burger King (Athens SE)

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