Properties

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