Burger King
Midway, GA
Key Details
| Price: | $1,703,704 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $115,000 |
| Address: | 13708 East Oglethorpe Highway, Midway, Georgia 31320 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 1/11/2024 |
| Lease Expiration: | 1/31/2039 |
| Lease Term Remaining: | 14.1 Years |
| Rental Increases: | 10.00% Every 5 Years (Plus Percentage Rent) |
| Lot Size: | 1.04 Acres |
| Building Size: | 3,440 SF |
| Year Built: | 2019 |
NNN Pro is pleased to present the exclusive listing for a Burger King located at 13708 East Oglethorpe Highway, Midway, Georgia 31320. The site consists of roughly 3440 rentable square feet of building space on an estimated 1.04-acre parcel of land. This Burger King is subject to a 15-year Triple Net (NNN) lease, which commenced 1/11/2024. The current annual rent is $115,000 and has scheduled increases of 10.00% Every 5 Years (Plus Percentage Rent).
About the Investment
- Recent 15 Year Lease Extension
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Attractive Rental Increases of Ten Percent (10%) Every Five (5) Years
- Four (4) Tenant Renewal Periods of Five (5) Years Each
- Percentage Rent Provision
Key Details
| Price: | $1,703,704 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $115,000 |
| Address: | 13708 East Oglethorpe Highway, Midway, Georgia 31320 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 1/11/2024 |
| Lease Expiration: | 1/31/2039 |
| Lease Term Remaining: | 14.1 Years |
| Rental Increases: | 10.00% Every 5 Years (Plus Percentage Rent) |
| Lot Size: | 1.04 Acres |
| Building Size: | 3,440 SF |
| Year Built: | 2019 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Matthew Anuszkiewicz
manuszkiewicz@nnnpro.com
License: NY: 10401294046
Howard Curd
hcurd@nnnpro.com
License: NY: 10401339720
Patrick Finn
pfinn@nnnpro.com
License: NY: 10301222858
Broker of Record
Brian Brockman
Bang Realty-Georgia, Inc
License: 378952
Related Listings
Loading...
Sonic
2470 Shorter Avenue, Rome, Georgia 30165
PRICE$1,617,837
CAP RATE6.75%
Loading...
Tidal Wave Auto Spa
129 Benjamin H Hill Drive East, Fitzgerald, Georgia 31750
PRICE$5,496,183
CAP RATE6.55%
Loading...
Cornerstone Academy
118 Old Evans Road, Martinez, Georgia 30907
PRICE$2,365,829
CAP RATE7.00%
Loading...
Mammoth
4947 Covington Highway, Decatur, Georgia 30035
PRICE$4,780,797
CAP RATE6.90%
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.