Burger King (Alpharetta)

5025 Abbotts Bridge Road
Alpharetta, GA 30005

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