Listed by SURMOUNT
$2,755,000
Burger King
Details
Property Type Retail
Sub Type Restaurant - quick service
Square Footage 4,035
Cap Rate 6%
NOI $165,309
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King
Lease Type NNN
Lease Term 15
Lease Expiration 12/31/2039
Remaining Term 12.8
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 1999
Acreage 1.140
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 08/11/2003
Ground Lease No
Ownership Fee Simple
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a Burger King located at 1840 Cruse Road Northwest, Lawrenceville, GA 30044. The site consists of roughly 4,035 rentable square feet of building space on an estimated 1.14-acre parcel of land. Burger King is subject to a 15 year lease that commenced in 2003 and was extended by 20 years in 2019, resulting in a current lease expiration date of 12/31/39. The current annual rent is $165,309 and has scheduled increases of 5.00% Every 5 Years.
Investment highlights
- Absolute NNN Structure (No Landlord Responsibilities) | Built-In Rent Growth | 20-year absolute triple-net lease with roughly 13 years remaining, featuring 5% rent increases every five (5) years and four (4) five-year renewal options, supporting durable cash flow and extended income visibility.
- Tenant Commitment | 20 Year Extension | Long-Term Confidence | In 2019, the tenant executed a 20-year lease extension, demonstrating strong dedication to this location and confidence in its long-term performance.
- Recent Capital Investment | 2019 Renovation | The property underwent a major renovation in 2019, enhancing the building’s condition and functionality while reducing near-term capital expenditure risk.
- Immediate Access to I-85 | Regional Connectivity (~200K+ VPD Influence) | The property benefits from close proximity to Interstate 85, one of the primary north-south corridors in the Atlanta MSA, carrying well over 150,000–200,000+ vehicles per day in surrounding segments. This direct connectivity enhances accessibility for commuters and regional traffic, expanding the asset’s draw beyond the immediate trade area and supporting long-term tenant sales performance.
- Strong Atlanta/Gwinnett Location | The subject property is supported by a dense and diverse population base within a 3- mile radius, benefiting from Gwinnett County’s strong household formation and continued suburban growth. The surrounding Lawrenceville submarket features median household incomes exceeding $85,000 in the broader trade area, significantly above national averages, with a large concentration of households earning between $75,000 and $100,000 annually.
- Established Trade Area Fundamentals | The corridor benefits from a well-established residential base and stable employment on both sides of the site, anchored by Target, Penske, Samsung, and Aramark, alongside the nearby Sugarloaf Logistics Hub and Souto Foods investment. The trade area supports nearly 1 million residents, further bolstered by Georgia Gwinnett College, Gwinnett Technical College (20,000+ students), and Gwinnett School of Mathematics, Science, and Technology. Continued national retailer presence — Target, The Home Depot, Publix, ALDI, CVS Pharmacy, and Walgreens — reinforces long-term demand durability.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,309.00
$13,775.75/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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