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Restaurant

Burger King

5300 Hwy 278 NE, Covington, GA 30014

Listing Price: $2,771,400

Cap Rate
4.90%
Tenant Name
Burger King
Guarantor
Franchisee Guarantee
Rentable SF
3,433
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.56

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 5300 Highway 278 Covington, Georgia. The property consists of 2.40 acres improved with an approximately 3,433-square foot building. The recently constructed restaurant will have a brand new 20-year lease at the close of escrow in place with seasoned RBI Brands Franchisee operating over 200 restaurants. This Franchisee has been a Burger King and Popeyes operator of over a decade and is one of the fastest growing Franchisees in the system. In 2015, this operator was awarded “Franchisee of the Year”. Annual base rent is set at $138,800 with 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options. The new restaurant sits on Highway 278 and exit from Interstate 20. Average Daily Traffic Count exceeds 32,000 vehicles om Hwy 278 NW and 69,300 on Interstate 20. Covington, is located just 35 miles from downtown Atlanta, GA. Nearby retailers include Food Depot, Zaxby’s Chicken, Advance Auto Parts, KFC, Taco Bell and Longhorn Steakhouse to name a few.

Investment Highlights

  • Brand New 20-Year NNN Lease
  • Atlanta MSA
  • Healthy Rent To Sales Ratio

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Restaurant

Burger King

Listing Price: $2,771,400

Cap Rate
4.90%
Tenant Name
Burger King
Guarantor
Franchisee Guarantee
Rentable SF
3,433
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.56

Investment Highlights

  • Brand New 20-Year NNN Lease
  • Atlanta MSA
  • Healthy Rent To Sales Ratio

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 5300 Highway 278 Covington, Georgia. The property consists of 2.40 acres improved with an approximately 3,433-square foot building. The recently constructed restaurant will have a brand new 20-year lease at the close of escrow in place with seasoned RBI Brands Franchisee operating over 200 restaurants. This Franchisee has been a Burger King and Popeyes operator of over a decade and is one of the fastest growing Franchisees in the system. In 2015, this operator was awarded “Franchisee of the Year”. Annual base rent is set at $138,800 with 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options. The new restaurant sits on Highway 278 and exit from Interstate 20. Average Daily Traffic Count exceeds 32,000 vehicles om Hwy 278 NW and 69,300 on Interstate 20. Covington, is located just 35 miles from downtown Atlanta, GA. Nearby retailers include Food Depot, Zaxby’s Chicken, Advance Auto Parts, KFC, Taco Bell and Longhorn Steakhouse to name a few.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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