Restaurant

Burger King

598 Atlanta Hwy, Cumming, GA 30040

Listing Price: $2,515,000

Cap Rate
5.00%
Tenant Name
burger king
Years Remaining On Lease
14.7
Guarantor
Franchisee Guarantee
Rentable SF
3,053
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.19

Investment Overview

Attractive rent increases of 7.50% every 5 years throughout the base term and four 5-year options GPS Hospitality is one of the top three largest Burger King operators in the country with 424 +/- Burger Kings under operation. Guaranteed by GPS Hospitality, LLC, a subsidiary of GPS Hospitality, with 94 +/- units behind it. On a hard corner at the four-way signalized intersection of Atlanta Highway (13,000 Vehicles Per Day) & Buford Highway (29,600 Vehicles Per Day) Outparcel to the Cumming 400 Shopping Center anchored by Publix, directly across the street from the Cumming Marketplace, anchored by Home Depot, Lowe’s, Kohls, and Target, directly across from Northside Hospital, a 320-bed facility with 750 physicians and 3,000 staff personnel Located in a dense and affluent area with 45,833 people living within a 3-mile radius making an average household income of $131,914

Investment Highlights

  • Just under 15 years remaining years remaining on a triple-net (NNN) Burger King, tenanted and operated by GPS Hospitality
  • Burger King consists of 3,053-square feet of gross leasable area and is situated on a 1.37-acre lot (59,677 SF) with a drive thru lane
  • Underwent a $450,000 renovation that was completed in April of 2018

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

Listing Price: $2,515,000

Cap Rate
5.00%
Tenant Name
burger king
Years Remaining On Lease
14.7
Guarantor
Franchisee Guarantee
Rentable SF
3,053
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.19

Investment Highlights

  • Just under 15 years remaining years remaining on a triple-net (NNN) Burger King, tenanted and operated by GPS Hospitality
  • Burger King consists of 3,053-square feet of gross leasable area and is situated on a 1.37-acre lot (59,677 SF) with a drive thru lane
  • Underwent a $450,000 renovation that was completed in April of 2018

Investment Overview

Attractive rent increases of 7.50% every 5 years throughout the base term and four 5-year options GPS Hospitality is one of the top three largest Burger King operators in the country with 424 +/- Burger Kings under operation. Guaranteed by GPS Hospitality, LLC, a subsidiary of GPS Hospitality, with 94 +/- units behind it. On a hard corner at the four-way signalized intersection of Atlanta Highway (13,000 Vehicles Per Day) & Buford Highway (29,600 Vehicles Per Day) Outparcel to the Cumming 400 Shopping Center anchored by Publix, directly across the street from the Cumming Marketplace, anchored by Home Depot, Lowe’s, Kohls, and Target, directly across from Northside Hospital, a 320-bed facility with 750 physicians and 3,000 staff personnel Located in a dense and affluent area with 45,833 people living within a 3-mile radius making an average household income of $131,914

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

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