Properties

Burger King (Atlanta MSA)

6910 Highway 85
Riverdale, GA 30274

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 3,170

Acreage: +/- 1.025

Price: $2,708,000

Cap Rate: 5.25%

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 December 2015 with 7.5% rent bumps every 5 years and 4 options of 5 years each
• New construction on a major 7 lane road at the corner of a high profile signalized intersection with 44,000 cars per day in front of property
• 13 miles south of downtown Atlanta, the 9th largest MSA in the U.S. with 5.5 million residents and economic capital of the Southeast with GDP of $295 billion (www.atlanta.net)
• 7 miles south of Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport since 1998 with over 1 million flights and 100 million passengers per year (www.atl.com)
• Population of 177,663 and average household income of $49,913 in a 5 mile radius of property