Burger King (Norcross N)

3215 Peachtree Corners Circle
Norcross, GA 30092

Property: Investment Sales

Square Footage: +/- 2,926

Acreage: +/- 0.929

Price: $ 1,615,000

Cap Rate: 5.85%

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 August 2015 with 7.5% rent bumps every 5 years and 4 renewal options
  • Healthy rent-to-sales ratio of 8% based on 2016 gross sales (future remodel planned)
  • 17 miles northeast of downtown Atlanta off Highway 141, one of the most traveled corridors in the metro area
  • Adjacent to a new QuikTrip in a highly commercialized and densely populated trade area
  • 3 mile radius population of 74,776 with average household income of $80,292
  • Traffic counts in excess of 107,000 cars per day on Highway 141 near property and 30,000 in front of property

Burger King (Norcross N)

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