Burger King (Alpharetta)
5025 Abbotts Bridge Road
Alpharetta, GA 30005
PROPERTY SOLD
Property: Investment Sales
Square Footage: +/- 4,250
Acreage: +/- 0.738 Acres
Price: $ 1,619,000
Cap Rate: 5.25%
Anchor Tenants: Publix (Shadow Anchor)
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 August 2015 with 7.5% rent bumps every 5 years and 4 renewal options
- Well below market rent at $20 PSF and a healthy rent-to-sales ratio of 8.69% based on 2014 sales
- Located 25 miles north of downtown Atlanta in one of the most affluent bedroom communities in the state
- Outparcel to a fully occupied 110,000 SF Publix anchored neighborhood shopping center
- 3 mile radius population of 83,000 with average household income of $149,000
- Traffic counts in excess of 25,000 cars per day on Abbotts Bridge Road


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Contact
Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
864.263.5427 - Main
404.435.6312 - Mobile