Burger King (Dawsonville)

21 Medical Center Drive
Dawsonville, GA 30534

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