Burger King (Jasper)

34 Sammy McGhee Blvd
Jasper, GA 30143

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 3,079

Acreage: +/- 1.422

Price: $1,669,000

Cap Rate: 5.75%

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 229 restaurants in 9 states (largest in ATL)
  • 20 year absolute NNN lease commenced September 2015 with 7.5% rent bumps every 5 years and 4 renewal options
  • Corner site at high traffic signalized intersection built in 1999 (scheduled remodel by 2018) with current rent-to-sales of 7%
  • 60 miles north of downtown Atlanta at the foothills of the Blue Ridge Mountains less than 1.5 miles from historic downtown Jasper
  • Trade area tenants include Walmart, Home Depot, Kroger, Starbucks, Verizon and dozens of other national retailers and restaurants
  • Population of 79,630 and average household income of $62,182 in a 15 mile radius
  • 2015 traffic counts of 13,500 on Hwy 53 in front of subject property and 23,800 on Hwy 5/515

Burger King (Jasper)

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