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Burger King (Norcross S)
7140 Peachtree Industrial Blvd
Norcross, GA 30071
PROPERTY SOLD
Property: Investment Sales
Square Footage: 3,210
Acreage: 0.917
Price: $ 2,020,000
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 August 2015 with 7.5% rent bumps every 5 years and 4 renewal options
- Healthy rent-to-sales ratio around 8.2% based on 2016 projected sales (future remodel planned)
- 15 miles northeast of downtown Atlanta off Highway 141, one of the most traveled corridors in the metro area
- Signalized corner location adjacent to QuikTrip in a highly commercialized and densely populated trade area
- 3 mile radius population of 107,000 with average household income of $74,000
- Traffic counts in excess of 107,000 cars per day on Highway 141 near property and 22,500 in front of property


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