Burger King (Adairsville)

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7871 Adairsville Hwy
Adairsville, GA 30103

Property: Investment Sales

Square Footage: +/- 3,130

Acreage: +/- 0.883

Price: $1,776,000

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 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
Originally built in 1992 and fully remodeled in 2012 with current rent-to-sales around 8%
55 miles northwest of Atlanta halfway to Chattanooga TN along the I-75 corridor at exit 306 and less than 2 miles from historic downtown Adairsville
Neighboring tenants include McDonald’s, Wendy’s, Hardee’s, Zaxby’s, Taco Bell, Waffle House, Cracker Barrel and several c-stores, gas stations and hotels
Population of 132,797 and average household income of $55,799 in a 15 mile radius
2015 daily traffic counts of 18,700 cars in front of subject property and 60,800 cars on I-75