Restaurant

Burger King

1164 St Augustine Rd, Valdosta, GA 31601

Listing Price: $2,319,000

Cap Rate
5.15%
Tenant Name
Burger King
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,859
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.76

Investment Overview

NEWLY REIMAGED 20-YEAR NNN BURGER KING WITH INCREASES • Subject property is a 2,859 SF fee simple Burger King in Valdosta (Lowndes County), GA. • Burger King has been operating at this location for over 23 years and is currently reimaging this store. • Newly executed 20 year NNN lease with 10% increases every 5-years during the initial term and each of the four, 5-Year options. • Tenant is 100% responsible for all expenses which include taxes, insurance, CAM, roof and structure. INTERSTATE LOCATION • This Burger King is well located on St Augustine Road (27,500 VPD) which is the primary retail corridor and sits right off of I-75 (51,900 VPD). • This property sits as an outparcel to a T.J. Maxx anchored shopping center directly next to a Lowe’s Home Improvement and across the street from Valdosta Mall (464,742 SF). • There is 2.9M SF of retail in a 1 mile radius if this property and national retailers including Publix, Home Depot, Walmart, Target and more. • Located 2 miles from Valdosta State University with over 13,000 students. • The 5 mile population is over 67,000 with 5.52% growth. VALDOSTA, GA • Valdosta is the 16th largest city in Georgia and is the center of the growing four-county Valdosta MSA along the I-75 Corridor. • Valdosta is a vibrant national retail, industrial, medical, and educational center with a projected job growth to be 36% over the next ten years. • Home to Valdosta State University which is one of the four comprehensive universities in the University System of GA and serves over 13,000 undergraduate and graduate students. • Moody Airforce base is located in Valdosta with a population of over 11,000 service members and family. • Valdosta is called the “Naval Stores Capital of the World” and supplies 80% of the worlds demand for naval stores, pine, and turpentine. • The Valdosta Regional Airport supports over 73,500 aircraft operations per year. BURGER KING • Burger King is the second largest fast food hamburger chain in the world. • Burger King has been in business for 66 years and has an S&P investment grade credit rating of BB-. • Currently over 17,796+ locations in over 100 countries and annual sales over $16 Billion. • Burger King is owned by Restaurant Brands International (RBI), one of the worlds largest quick service restaurant companies with more than $32 Billion in system wide sales. EXPERIENCED 67 UNIT OPERATOR • Consolidated Burger Holdings is an experienced food owner and operator based out of Destin, FL that was founded in 2018. • This operator currently owns and operates 67 Burger King restaurants in GA and FL and is rapidly expanding • Consolidated Burger Holdings has a net worth of over $20 million and annual sales that exceed $46 million with over 1,500 Employees.

Investment Highlights

  • Newly Reimaged 20-Year NNN Burger King
  • Interstate Location (51,900 VPD)
  • Home To Valdosta State University & Moody Airforce Base
  • Burger King Is The World's 2nd Largest QSR Hamburger Chain
  • Experienced 67 Unit Operator

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

Listing Price: $2,319,000

Cap Rate
5.15%
Tenant Name
Burger King
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,859
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.76

Investment Highlights

  • Newly Reimaged 20-Year NNN Burger King
  • Interstate Location (51,900 VPD)
  • Home To Valdosta State University & Moody Airforce Base
  • Burger King Is The World's 2nd Largest QSR Hamburger Chain
  • Experienced 67 Unit Operator

Investment Overview

NEWLY REIMAGED 20-YEAR NNN BURGER KING WITH INCREASES • Subject property is a 2,859 SF fee simple Burger King in Valdosta (Lowndes County), GA. • Burger King has been operating at this location for over 23 years and is currently reimaging this store. • Newly executed 20 year NNN lease with 10% increases every 5-years during the initial term and each of the four, 5-Year options. • Tenant is 100% responsible for all expenses which include taxes, insurance, CAM, roof and structure. INTERSTATE LOCATION • This Burger King is well located on St Augustine Road (27,500 VPD) which is the primary retail corridor and sits right off of I-75 (51,900 VPD). • This property sits as an outparcel to a T.J. Maxx anchored shopping center directly next to a Lowe’s Home Improvement and across the street from Valdosta Mall (464,742 SF). • There is 2.9M SF of retail in a 1 mile radius if this property and national retailers including Publix, Home Depot, Walmart, Target and more. • Located 2 miles from Valdosta State University with over 13,000 students. • The 5 mile population is over 67,000 with 5.52% growth. VALDOSTA, GA • Valdosta is the 16th largest city in Georgia and is the center of the growing four-county Valdosta MSA along the I-75 Corridor. • Valdosta is a vibrant national retail, industrial, medical, and educational center with a projected job growth to be 36% over the next ten years. • Home to Valdosta State University which is one of the four comprehensive universities in the University System of GA and serves over 13,000 undergraduate and graduate students. • Moody Airforce base is located in Valdosta with a population of over 11,000 service members and family. • Valdosta is called the “Naval Stores Capital of the World” and supplies 80% of the worlds demand for naval stores, pine, and turpentine. • The Valdosta Regional Airport supports over 73,500 aircraft operations per year. BURGER KING • Burger King is the second largest fast food hamburger chain in the world. • Burger King has been in business for 66 years and has an S&P investment grade credit rating of BB-. • Currently over 17,796+ locations in over 100 countries and annual sales over $16 Billion. • Burger King is owned by Restaurant Brands International (RBI), one of the worlds largest quick service restaurant companies with more than $32 Billion in system wide sales. EXPERIENCED 67 UNIT OPERATOR • Consolidated Burger Holdings is an experienced food owner and operator based out of Destin, FL that was founded in 2018. • This operator currently owns and operates 67 Burger King restaurants in GA and FL and is rapidly expanding • Consolidated Burger Holdings has a net worth of over $20 million and annual sales that exceed $46 million with over 1,500 Employees.

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

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