Burger King (Gainesville E)

806 Athens Street
Gainesville, GA 30501

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 4,165

Acreage: +/- 1.209

Price: $3,060,000

Cap Rate: 5.50%

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 October 2015 with 7.5% rent bumps every 5 years and 4 renewal options
  • Strong store sales with a rent-to-sales ratio around 9% in 2014 (future remodel planned)
  • 50 miles northeast of Atlanta along the I-985 corridor next to 38,000 acre Lake Lanier, one of America’s most popular lakes with over 7.5 million visitors annually
  • High profile high traffic signalized corner lot that experiences nearly 30,000 cars per day
  • Over 65,000 residents with an average household income of $53,000 in a 5 mile radius
  • Gainesville is the economic hub for a 14 county region of northeast GA and its fastest growing city (35% since 2000)

Burger King (Gainesville E)

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