Restaurant

Burger King

1690 Pleasant Hill Rd, Duluth, GA 30096

Listing Price: $1,875,000

Cap Rate
4.80%
Tenant Name
Premier Kings of Georgia, Inc.
Years Remaining On Lease
19.50
Gross SF
2,822
Guarantor
Franchisee Guarantee
Rentable SF
2,822
Price/Gross SF
$664.42
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.89

Investment Overview

LEASE & TENANT HIGHLIGHTS
- Newly re-casted 20-year absolute NNN Lease
- 10% increases every 5 years
- Three (3), five (5) year options to extend
- Conservative rent/sales ratio
- Burger King has been at this location since 1990 - 30-year operating history
- Premier Kings of Georgia, Inc. currently operates 91 locations throughout the southeast with plans to be over 100 units in the near future
- Premier Kings operates stores in FL, GA, and SC

LOCATION HIGHLIGHTS
- Located less than a mile off Interstate 85 approximately 30 miles northeast of Atlanta
- Located on heavily trafficked Pleasant Hill Road - Over 286,000 cars/day on Interstate 85 and over 60,000 cars/day on Pleasant Hill Road
- Outparcel to a large Citys Farmers Market anchored center - Citys currently has 6 locations around Atlanta
- Dense retail corridor - located near Publix, LA Fitness, Gwinnett Place Mall, Home Depot, Kohls, Sams Club, Costco, and DeVry University
- Dense hospitality market - near 10 major hotels including Sonesta, Wyndham, Wingate, Hyatt Place, and Fairfield Inn
- Atlanta currently has a population of over 5.9 million people - expected to grow by 5% over the next 5 years
- Atlanta ranks among the highest in the nation for job growth - added more than 328,000 jobs over the past 5 years
- Atlanta ranks among the top 10 in the nation in the number of Fortune 500 headquarters with 15 firms, including UPS, Delta, Home Depot, and Coca-Cola
- Median household income in Atlanta is currently $64,800 - above the national average of $60,800
- There are currently over 249,000 residents within 5 miles of the subject property with an average household income of over $70,000

Investment Highlights

  • Newly re-casted 20-year absolute NNN Lease
  • 10% increases every 5 years
  • Located less than 1 mile off Interstate 85 approximately 30 miles NE of Atlanta

Exclusively Listed By

  • Brian Munn

    Senior Vice President Investments

    Email Brian

    License(s): GA: 263081

    Atlanta

Listing Price: $1,875,000

Cap Rate
4.80%
Tenant Name
Premier Kings of Georgia, Inc.
Years Remaining On Lease
19.50
Gross SF
2,822
Guarantor
Franchisee Guarantee
Rentable SF
2,822
Price/Gross SF
$664.42
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.89

Investment Highlights

  • Newly re-casted 20-year absolute NNN Lease
  • 10% increases every 5 years
  • Located less than 1 mile off Interstate 85 approximately 30 miles NE of Atlanta

Investment Overview

LEASE & TENANT HIGHLIGHTS
- Newly re-casted 20-year absolute NNN Lease
- 10% increases every 5 years
- Three (3), five (5) year options to extend
- Conservative rent/sales ratio
- Burger King has been at this location since 1990 - 30-year operating history
- Premier Kings of Georgia, Inc. currently operates 91 locations throughout the southeast with plans to be over 100 units in the near future
- Premier Kings operates stores in FL, GA, and SC

LOCATION HIGHLIGHTS
- Located less than a mile off Interstate 85 approximately 30 miles northeast of Atlanta
- Located on heavily trafficked Pleasant Hill Road - Over 286,000 cars/day on Interstate 85 and over 60,000 cars/day on Pleasant Hill Road
- Outparcel to a large Citys Farmers Market anchored center - Citys currently has 6 locations around Atlanta
- Dense retail corridor - located near Publix, LA Fitness, Gwinnett Place Mall, Home Depot, Kohls, Sams Club, Costco, and DeVry University
- Dense hospitality market - near 10 major hotels including Sonesta, Wyndham, Wingate, Hyatt Place, and Fairfield Inn
- Atlanta currently has a population of over 5.9 million people - expected to grow by 5% over the next 5 years
- Atlanta ranks among the highest in the nation for job growth - added more than 328,000 jobs over the past 5 years
- Atlanta ranks among the top 10 in the nation in the number of Fortune 500 headquarters with 15 firms, including UPS, Delta, Home Depot, and Coca-Cola
- Median household income in Atlanta is currently $64,800 - above the national average of $60,800
- There are currently over 249,000 residents within 5 miles of the subject property with an average household income of over $70,000

Exclusively Listed By

  • Brian Munn

    Senior Vice President Investments

    Email Brian

    License(s): GA: 263081

    Atlanta

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