Burger King (Gainesville N)

1337 Thompson Bridge Rd
Gainesville, GA 30501

Property: Investment Sales

Square Footage: +/- 2,851

Acreage: +/- 0.638

Price: $1,355,000

Cap Rate: 5.75%

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 October 2015 with 7.5% rent bumps every 5 years and 4 renewal options
Across street from a Publix anchored neighborhood shopping center
50 miles northeast of Atlanta along the I-985 corridor next to 38,000 acre Lake Lanier, one of America’s most popular lakes with 7.5 million visitors annually
27,700 cars per day in front of property
1 mile from Brenau University (3,500 students) and Northeast Georgia Medical Center (600 physicians)
66,800 residents with an average household income of $58,700 in a 5 mile radius Gainesville is the economic hub for the 14 county region of northeast GA