Properties

Burger King (Gainesville N)

1337 Thompson Bridge Rd
Gainesville, GA 30501

PROPERTY SOLD

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