Burger King Ground Lease
GA, United States
| Price | $1,990,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 20 Years |
| Lease Type | NNN Ground Lease |
| Rental Increases | 7.50% Rental Increases Every 5 Years |
| Year Built | 2017 |
| Building Size | 2,400 SF |
| Lot Size | 0.82 Acres (35,719 SF) |
| Status | Sold |
| Lead Broker Information | Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 |
Investment Highlights
LONG-TERM NNN GROUND LEASE TO ICONIC TENANT
» 20-year NNN ground lease with 7.50% rental increases every five years
» Leased to and guaranteed by GPS Hospitality, the second largest Burger King franchisee, with 395 restaurants in 11 states
» No landlord obligations – ideal investment for an out-of-area investor
» Burger King is the second largest fast food hamburger chain in the world, with 15,738 restaurants in over 100 countries
PRIME COMMUTER LOCATION IN MAJOR RETAIL CENTER
» Immediate access to Interstate 75, the primary route through northwest Georgia, with 81,102 vehicles per day
» Located just off of signalized intersection with 54,450 vehicles per day
» Close proximity to top retailers, including Walmart Supercenter, Home Depot, Kohl’s, Academy Sports + Outdoors, Petco, and many others
CENTRAL LOCATION WITH LARGE CUSTOMER BASE
» Less than a mile from Hamilton Medical Center, with 282 beds and 1,059 employees
» Close proximity to Dalton State College (5,188 students) and Dalton High School (1,423 students)
» Surrounded by industrial parks that are home to the largest employers in the Dalton metro area
» Near downtown Dalton, Georgia’s fifth largest downtown district, with approximately 3,000 employees and 300 businesses
NEW 2017 CONSTRUCTION
» 2017 construction featuring a dual-lane drive-thru, providing unparalleled customer convenience, boosting sales revenue
» Building was built by tenant at tenant’s expense, demonstrating long-term commitment to the location
Property Description
SOLD
The property is located on Chattanooga Road, just past the signalized intersection of Chattanooga Road and Shugart Road, which experiences a high traffic count of 54,450 vehicles per day. The property has immediate access to Interstate 75, a heavily traveled roadway with an average traffic count of 81,102 vehicles per day. Several major retailers are located near the site, including Walmart Supercenter, Home Depot, Kohl’s, Academy Sports + Outdoors, and Petco.
The property benefits from its prime location near several schools, employers, and commercial districts, providing a large customer base for Burger King. Dalton High School and Dalton State College are both near the site, with a combined enrollment of 6,611 students. Additionally, Hamilton Medical Center is less than a mile from the property. The 282-bed hospital is the fifth largest employer in the Dalton area, with 1,059 employees. The property is surrounded by a number of large industrial parks, which are home to some of the largest employers in the Dalton area, including Shaw Industries, J+J Flooring, Beaulieu, and Shiroki, among others. Finally, downtown Dalton, located less than three miles from the property, is Georgia’s fifth largest downtown district, with approximately 3,000 employees and 300 businesses.
