Burger King (Norcross E) (In Contract)

1600 Indian Trail Lilburn Road
Norcross, GA 30093

Property: Investment Sales

Square Footage: 3,487

Acreage: 0.994

Price: $2,555,000

Cap Rate: 5.40%

Description:

  • 63 year old brand and second largest hamburger chain in the world with over 14,000 locations in 100 countries (www.bk.com)
  • Fastest growing and 3rd largest franchisee in the system with over 386 restaurants in 12 states (www.gpshospitality.com)
  • 20 year absolute NNN lease commenced October 2015 with 7.5% rent bumps every 5 years and 4 renewal options
  • Built in 1993 and fully remodeled in 2012
  • 13% sales increase in 2016 with a rent-to-sales ratio of 7.7%
  • 18 miles northeast of downtown Atlanta on the I-85 corridor ½ mile off exit 101 at a high profile high traffic intersection
  • Directly across from Greater Atlanta Christian, the third largest private school in the state with 1800+ students
  • Population of 107,000 and average household income of $53,500 in a 3 mile radius
  • 2014 daily traffic counts of 36,400 in front of subject property and over 278,000 on I-85
  • Gwinnett has been one of the fastest growing counties in the U.S. over the past 20+ years and is the second most populated in the state with nearly 900,000 residents

Burger King (Norcross E) (In Contract)

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