Burger King (Norcross S)

7140 Peachtree Industrial Blvd
Norcross, GA 30071

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