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29126872
29127346

3740 Atlanta Hwy, Athens, GA 30606

MC
NY 10401311477
Marcus & Millichap - Manhattan
CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$2,000,000
151 days on market
Updated 150 days ago

Burger King I 450 Unit Operator I $660M Redevelopment Site

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,955
Net Rentable (SqFt) 2,955
Units 1
Cap Rate 6.4%
NOI $128,004
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/13/2039
Remaining Term 13.3
Rent Bumps Yes
Lease Options 4, 5-Year
Price per SqFt $677
Broker Co-Op Yes
Class A
Year Built 1983
Year Renovated 2015
Buildings 1
Stories 1
Acreage 1.100
Parking Spaces 55 spaces
Parking Per SqFt 18.61
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 09/14/2019
Occupancy Date 09/14/2019
Ground Lease No
Ownership Fee Simple

5-Miles from University of Georgia I 13+ Years Remaining

Investment highlights

Core Burger King Location —- Absolute NNN Burger King Strategically Positioned At A Dominant, Signalized Intersection Along Atlanta Highway And Georgia Square Mall Drive, Capturing Exposure To Approximately 34,000 Vehicles Per Day

Entrance To Redevelopment Site —- This Site Is Situated At The Entrance To A Transformative $660 Million, 77-Acre Mixed-Use Redevelopment, Delivering Nearly 1,400 Residential Units And Approximately 360,000 Square Feet Of New Retail/Commercial Space

Inflation Hedged Cash Flow —- Long-Term Lease Security With Approximately 13.5 Years Remaining On The Base Term, Featuring Strong 8% Rent Increases Every Five Years To Aggressively Hedge Against Inflation

Established Retail Corridor —- The Subject Property Is Surrounded By A Strong Lineup Of Nationally Recognized Retailers, Including RaceTrac, McDonald’s, Starbucks, Bojangles, Krispy Kreme, Pep Boys, And Goodwill, Reinforcing The Area’s Proven Retail Demand

University Driven —- Strategically Located Just Five Miles From The University Of Georgia’s 760-Acre Campus, Drawing Consistent Demand From A Built-In Population Of Over 54,000 Students, Faculty, And Staff, Supporting A Deep, Long Term Customer Base

Listing Contacts

MC
NY 10401311477
Marcus & Millichap - Manhattan
CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$128,004.00
$10,667.00/mo

Valuation Metrics

0
DSCR
6.4%
Cap Rate
6.4%
ROI

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Additional Information

Name
John Leonard
License
GA 252904
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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