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Burger King (Dawsonville)
21 Medical Center Drive
Dawsonville, GA 30534
PROPERTY SOLD
Property: Investment Sales
Square Footage: +/- 4,330
Acreage: +/- 0.949
Price: $2,118,000
Cap Rate: 5.65%
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 430 restaurants in 14 states (www.gpshospitality.com)
- 20 year absolute NNN lease commenced October 2015 with 7.5% rent bumps every 5 years and 4 renewal options
- 50 miles north of downtown Atlanta in a booming bedroom community near the shores of Lake Lanier, one of America’s most popular lakes with 7.5 million visitors annually
- Built in 1993 and remodeled in 2012 with current rent-to-sales under 9%
- 1 mile from the North Georgia Premium Outlets, a 140 store 540,000 SF Simon owned center that opened in 1994, and brand new Publix and Kroger anchored neighborhood centers
- Trade area population of 3.7 million and average household income over $78,000 in a 5 mile radius
- 2015 traffic counts of 12,700 on Hwy 53 in front of subject property and 31,500 on US 19/GA 400


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