Burger King

Conyers, GA

Key Details

Price:$2,742,384
Cap Rate:6.25%
Annual Rent:$171,399
Address:2230 Salem Road Southeast, Conyers, Georgia 30013
Property Type:Retail
Lease Type:Triple Net (NNN)

Property Data

Original Lease Term:20 Years
Lease Commencement:11/1/2018
Lease Expiration:10/31/2038
Lease Term Remaining:13.6 Years
Rental Increases:5.00% Every 5 Years
Lot Size:0.65 Acres
Building Size:2,547 SF
Year Built:2012
NNN Pro is pleased to present the exclusive listing for a Burger King located at 2230 Salem Road Southeast, Conyers, Georgia 30013. The site consists of roughly 2547 rentable square feet of building space on an estimated 0.65-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 11/1/2018. The current annual rent is $171,399 and has scheduled increases of 5.00% Every 5 Years.

About the Investment

  • Strong Franchisee Guarantee | This investment is backed by Mosaic Gold Crown Group, LLC, a proven franchisee operating Burger King restaurants, primarily in the greater Atlanta, Georgia area. The franchisee recently expanded its portfolio by acquiring 35 additional Burger King locations in December 2023, showcasing its growth and operational expertise.
  • Stable Long-Term Lease with Renewal Options | This property has 13 years remaining on the lease providing a secure and predictable income stream for investors. Additionally, the lease includes four five-year renewal options, offering flexibility and extended investment stability.
  • Zero Landlord Responsibility | This property is secured by a true triple-net (NNN) lease, offering zero landlord responsibilities. Investors benefit from a completely passive income stream, as the tenant is responsible for all property expenses, including maintenance, taxes, and insurance.
  • Robust Real Estate Fundamentals The subject property is strategically situated on an outparcel to the Fieldstone Plaza Shopping Center and is across the street from The Rise Apartments, a 128 unit complex. Furthermore, there are over 4,900 individuals residing within a one-mile radius and over 41,000 individuals residing within a three-mile radius.

Talk to the Pros

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Glen Kunofsky

gkunofsky@nnnpro.com
License: NY: 49KU1129178
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Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com
License: NY: 10401294046
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Patrick Finn

pfinn@nnnpro.com
License: NY: 10301222858

Broker of Record

Brian Brockman

Bang Realty-Georgia, Inc
License: 378952
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.