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 4660 Hwy 17, Richmond Hill, GA. The site consists of roughly 2,250 rentable square feet of building space on an estimated 0.7-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 $122,124 and is scheduled to increase by ten percent (10.00%) every five (5) years throughout the base term and option periods.*The lease carries a natural percentage rent breakpoint of eight and a quarter (8.25%) percent above the minimum base rent.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,250
- Year Built 2019
- Price 2,035,407
- Price Per SF 905
- Cap Rate 6
- NOI 122,124
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 0.70 AC
| Date Created: | 2024-07-16 04:13:35 | Last Updated: | 2024-07-16 04:13:35 |
| Address: | 4660 US Highway 17 , Richmond Hill, Georgia, 31324 | ||