Burger King

1000 Nathan Dean Bypass, Rockmart, GA 30153

$2,727,000

Cap Rate 5.50%

Views: 31 DOM: 90 Updated: 04.10.24 Posted: 02.16.24 Status: Active

Summary

Price $2,727,000	Built/Renov 2023	Tenant Burger King
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,000	Lease Start 12-01-2023	#Units 94
Price/SF $1,363.50	Expiration 12-01-2043	Tenant Type Fast Food/QSR
NOI $150,000	R. Term 19.6	Ownership Fee Simple
Rent/SF $75.00	Increases 8.0%/4/yrs	Pop 5Mi 15,096
Lot/AC 0.87	Options 4/5yrs/8%	AHHI 5Mi $71,886

Lease Highlights

Brand new 2023 construction | Drive-thru equipped
Burger King recently executed a new 20-year lease with 4 (5-year) options to extend
The lease features 8% rental increases every 5 years throughout the term and at the start of each option period
Absolute NNN | Zero landlord responsibilities
GPS Hospitality is an experienced QSR franchisee with a 94-unit guarantee

Location Description

Burger King is strategically located at the signalized, hard corner intersection of Piedmont Ave and Nathan Dean Bypass, with access to a combined daily traffic count of 35,000 vehicles. The immediate trade area is surrounded by prominent national retailers such as Walmart Supercenter, Chick-fil-A, McDonald’s, Popeyes, and more. Schools in the vicinity include Eastside Elementary School, Van...

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Key Features

New construction
Signalized intersection
Near major nationals
Highway location
Top 100 MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
Traded and rated company
50+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Rockmart, Georgia Zip Code 30153 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:GPS Hospitality
# Units:94
Tenant S&P: BB
Stock: NYSE: QSR

About Tenant

Burger King is the second-largest fast-food hamburger chain in the world. Their menu features their signature Whopper and Whopper Jr. hamburgers, in addition to chicken sandwiches, breakfast...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,195	10,830	15,220
2023 Total Population :	3,071	10,717	15,096
2023 Employed Civilian Pop :	1,266	4,336	6,247
2023 Total Businesses :	179	361	397
2023 Average Household Income :	$ 55,067	$ 63,889	$ 71,886
2023 Total Consumer Spending :	$ 59 M	$ 235 M	$ 367 M
2023 Median Age :	38	39	39
2023 Total Households :	1,223	4,181	5,807
2023 Pop Age 25+: Bachelor's Degree :	127	604	872
2023 Average Home Value :	$ 128,716	$ 167,240	$ 185,626

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Piedmont Avenue	Clearwater St	2019	8,230	0.25 mi
Nathan Dean Parkway	N Piedmont Ave	2021	22,700	0.39 mi
Canal Street	US Hwy 278	2019	23,300	0.39 mi
Canal Street	Hwy 278	2018	20,100	0.39 mi
Nathan Dean Bypass	Cedartown Hwy	2019	18,100	0.40 mi
Nathan Dean Byp	Hwy 278	2015	18,880	0.42 mi
Jones Avenue	Pearl St	2021	1,580	0.58 mi
North Piedmont Avenue	Pearl St	2021	7,870	0.62 mi
GA 101	Marquette Rd	2021	11,700	0.75 mi
College Street	Mountain Way	2021	1,780	0.76 mi

Listing Broker

Michael Berk

SRS National Net Lease Group

Contact

26 Listings
791 Views
2 Sold

Patrick Nutt

SRS National Net Lease Group

Contact

211 Listings
8773 Views
69 Sold

Michael Berk

Michael Berk joined SRS Real Estate Partners in 2019 as senior associate in our Atlanta office as a part of the Capital Markets team. Prior to SRS, Michael worked with Calkain, where he assisted in the disposition and acquisition of net lease assets, along with structuring sale-leasebacks for QSR operators. Prior to that, he worked in the corporate marketing department at Talladega Superspeedway where he sold large-scale marketing platforms along with venue entertainment packages. Michael is

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Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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