About This Restaurant
Investment Highlights
Recent 15 Year Lease Extension Attractive Rental Increases of Ten Percent (10%) Every Five (5) Years Triple Net (NNN) Lease with Zero Landlord Responsibilities
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 13708 E Oglethorpe Highway, Midway, GA. The site consists of roughly 3,440 rentable square feet of building space on estimated 1.04-acre parcel of land. This investment opportunity features a recently extended fifteen (15) year lease term with zero landlord responsibilities and is subject to four (4), five (5) year tenant renewal options. The current rent annual rent is $115,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and option periods.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food Restaurant
- Building Size 3,440
- Year Built 2019
- Price 1,769,231
- Price Per SF 514
- Cap Rate 6.50
- NOI 115,000
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 1.04 AC
| Date Created: | 2024-07-16 04:13:35 | Last Updated: | 2024-07-16 04:13:35 |
| Address: | 13708 Oglethorpe Hwy , Midway, Georgia, 31320 | ||