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Burger King (Gainesville W)
403 Pearl Nix Parkway
Gainesville, GA 30501
PROPERTY SOLD
Property: Investment Sales
Square Footage: +/- 3,742
Acreage: +/- 1.145
Price: $3,200,000
Cap Rate: 5.50%
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
- Built in 1995 and remodeled in 2014 with current rent-to-sales ratio around 9%
- Located 50 miles northeast of Atlanta along the I-985 corridor next to Lake Lanier in the heart of the submarket
- High profile signalized corner near Lakeshore Mall, a 500,000 SF regional mall anchored by Belk, Sears, JC Penney, Dick’s
- 5 mile radius population of 70,000 with average household income of $54,000 (trade area population of 475,000)
- Gainesville is the economic hub for a 14 county region of northeast GA and its fastest growing city (35% since 2000)


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