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Broker

Michael Berk

SRS National Net Lease Group
Atlanta Team
First Vice President
  • 21Active Listings
  • $55,271,000Active Volume
  • 0Under Contract
  • $0Volume
  • 8Closed Transactions
  • $18,416,000Sold Volume

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 a graduate of Jacksonville State University in Jacksonville, Alabama and is an active member of ICSC. He currently works with the National Wild Turkey Foundation, a conservation group aimed to preserve hunting land throughout the U.S.

Licensed in: GA
3445 Peachtree Rd NE, Suite 950 Atlanta, GA 30326

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341 Furniture Drive, Cornelia, GA , 30531
  • Size SF3,500
  • Built/Renov2023
  • Price/SF$693
  • Lease Start11-20-2023
  • Rent/SF$41.60
  • Lease Type NN+
  • Lot/AC0.85
  • Pop 5MI25,893

2,427,000

  • Cap Rate 6.00%
  • NOI $145,600
  • R. Term/Yrs 8.11
  • Guarantor Corporate
  • # Units 1,100
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Hospital close

  • Top 100 MSA

  • Affluent suburb location

  • Favorable NN+ lease

  • Corporate Guarantee

  • Over 1000 units backed

  • ...
  • Tenant Aspen Dental
  • Guarantor Corporate
  • #Units 1,100
  • Stock Private
36 Merchants Avenue, Blairsville, GA , 30512
  • Size SF1,246
  • Built/Renov2024
  • Price/SF$1,911
  • Lease Start12-01-2024
  • Rent/SF$100.32
  • Lease Type Abs NNN
  • Lot/AC1.15
  • Pop 5MI10,353

2,381,000

  • Cap Rate 5.25%
  • NOI $125,000
  • R. Term/Yrs 19.11
  • Guarantor Corp Rated
  • # Units 3,514
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Affluent suburb location

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Over 2000 units backed

  • Corporate Guarantee

  • Credit rated company

  • ...
  • Tenant Sonic Drive-In
  • Guarantor Corp Rated
  • #Units 3,514
  • Moody's/S&P B2/ B+
  • Stock Private
11560 Alpharetta Highway, Roswell, GA , 30076
  • Size SF3,600
  • Built/Renov2020
  • Price/SF$1,472
  • Lease Start01-01-2023
  • Rent/SF$92.01
  • Lease Type Abs NNN
  • Lot/AC0.94
  • Pop 5MI176,086

5,299,000

  • Cap Rate 6.25%
  • NOI $331,224
  • R. Term/Yrs 18.0
  • Guarantor Corp R + T
  • # Units 391
  • Signalized intersection

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Strong demographics

  • Long 15+ yr lease

  • Accelerated depreciation

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Take 5 Car Wash
  • Guarantor Corp T and Rated
  • #Units 391
  • Stock NASDAQ: DRVN
1205 6th Avenue Southeast, Aberdeen, SD , 57401
  • Size SF3,440
  • Built/Renov2002/2023
  • Price/SF$469
  • Lease Start10-01-2023
  • Rent/SF$26.96
  • Lease Type Abs NNN
  • Lot/AC0.98
  • Pop 5MI30,615

1,613,000

  • Cap Rate 5.75%
  • NOI $92,744
  • R. Term/Yrs 18.10
  • Guarantor Franchisee
  • # Units 121
  • Signalized intersection

  • Recent renovation

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Income tax free state

  • Long operation history

  • Long 15+ yr lease

  • Absolute NNN

  • 100+ unit franchisee backed

  • ...
  • Tenant Arby's
  • Guarantor Franchisee
  • #Units 121
  • Moody's/S&P B2/ B+
  • Stock Private
3009 Broadway Avenue, Yankton, SD , 57078
  • Size SF3,402
  • Built/Renov2005
  • Price/SF$463
  • Lease Start10-01-2023
  • Rent/SF$26.61
  • Lease Type Abs NNN
  • Lot/AC1.23
  • Pop 5MI19,129

1,575,000

  • Cap Rate 5.75%
  • NOI $90,543
  • R. Term/Yrs 18.10
  • Guarantor Franchisee
  • # Units 121
  • Dense retail corridor

  • Near major nationals

  • WalMart out-parcel

  • Strategically located

  • Strong tenant synergy

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • 100+ unit franchisee backed

  • ...
  • Tenant Arby's
  • Guarantor Franchisee
  • #Units 121
  • Moody's/S&P B2/ B+
  • Stock Private
592 East Emory Road, Powell, TN , 37849
  • Size SF4,380
  • Built/Renov2016
  • Price/SF$1,249
  • Lease Start05-16-2019
  • Rent/SF$81.17
  • Lease Type Abs NNN
  • Lot/AC1.26
  • Pop 5MI100,756

5,469,000

  • Cap Rate 6.50%
  • NOI $355,504
  • R. Term/Yrs 14.5
  • Guarantor Corporate
  • # Units 280
  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • Tenant Zips Car Wash
  • Guarantor Corporate
  • #Units 280
  • Stock Private
9191 GA-142, Covington, GA , 30014
  • Size SF4,777
  • Built/Renov2019
  • Price/SF$892
  • Lease Start06-23-2022
  • Rent/SF$57.99
  • Lease Type Abs NNN
  • Lot/AC2.45
  • Pop 5MI36,667

4,262,000

  • Cap Rate 6.50%
  • NOI $277,019
  • R. Term/Yrs 17.6
  • Guarantor Corporate
  • # Units 280
  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Affluent suburb location

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • Tenant Zips Car Wash
  • Guarantor Corporate
  • #Units 280
  • Stock Private
1663 North Humiston Avenue, Worthington, MN , 56187
  • Size SF3,130
  • Built/Renov1986/2024
  • Price/SF$516
  • Lease Start10-01-2023
  • Rent/SF$30.18
  • Lease Type Abs NNN
  • Lot/AC0.69
  • Pop 5MI15,400

1,615,000

  • Cap Rate 5.85%
  • NOI $94,460
  • R. Term/Yrs 18.10
  • Guarantor Franchisee
  • # Units 121
  • Signalized intersection

  • Recent renovation

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Freeway close

  • Long 15+ yr lease

  • Absolute NNN

  • 100+ unit franchisee backed

  • ...
  • Tenant Arby's
  • Guarantor Franchisee
  • #Units 121
  • Moody's/S&P B2/ B+
  • Stock Private
321 GA-49, Byron, GA , 31008
  • Size SF2,600
  • Built/Renov2023
  • Price/SF$848
  • Lease Start09-08-2023
  • Rent/SF$47.50
  • Lease Type Double NN
  • Lot/AC0.98
  • Pop 5MI39,761

2,205,000

  • Cap Rate 5.60%
  • NOI $123,500
  • R. Term/Yrs 9.2
  • Guarantor Corp R + T
  • # Units 38,038
  • New construction

  • Hard corner intersection

  • Dense retail corridor

  • Freeway close

  • Highway location

  • Affluent suburb location

  • Major MSA

  • Brand new lease

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant Starbucks
  • Guarantor Corp T and Rated
  • #Units 38,038
  • Moody's/S&P Baa1/ BBB+
  • Stock NASDAQ: SBUX
1829 Old Spanish Trail, Slidell, LA , 70458
  • Size SF2,765
  • Built/Renov2024
  • Price/SF$651
  • Lease Start12-01-2024
  • Rent/SF$37.97
  • Lease Type Abs NNN
  • Lot/AC0.78
  • Pop 5MI79,901

1,800,000

  • Cap Rate 5.83%
  • NOI $105,000
  • R. Term/Yrs 19.11
  • Guarantor Franchisee
  • # Units 190
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Freeway close

  • Top 100 MSA

  • Affluent suburb location

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • 100+ unit franchisee backed

  • ...
  • Tenant Burger King
  • Guarantor Franchisee
  • #Units 190
  • Stock NYSE: QSR
1117a West Spring Street, Monroe, GA , 30655
  • Size SF2,135
  • Built/Renov2002
  • Price/SF$410
  • Lease Start12-01-2024
  • Rent/SF$27.63
  • Lease Type Abs NNN
  • Lot/AC0.50
  • Pop 5MI33,924

875,000

  • Cap Rate 6.74%
  • NOI $59,000
  • R. Term/Yrs 9.11
  • Guarantor Franchisee
  • # Units 55
  • In location for years

  • Near major nationals

  • Shopping Ctr out-parcel

  • Strategically located

  • Top 100 MSA

  • Brand new lease

  • Long operation history

  • Absolute NNN

  • Long 10+ yr lease

  • 50+ unit franchisee backed

  • ...
  • Tenant Pizza Hut
  • Guarantor Franchisee
  • #Units 55
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM
335 East Evans Street, Williamsburg, IA , 52361
  • Size SF3,704
  • Built/Renov1992/2023
  • Price/SF$556
  • Lease Start05-01-2024
  • Rent/SF$31.43
  • Lease Type Abs NNN
  • Lot/AC0.92
  • Pop 5MI4,733

2,060,000

  • Cap Rate 5.65%
  • NOI $116,418
  • R. Term/Yrs 19.4
  • Guarantor Franchisee
  • # Units 121
  • Recent renovation

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Affluent suburb location

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • 100+ unit franchisee backed

  • Credit rated company

  • ...
  • Tenant Arby's
  • Guarantor Franchisee
  • #Units 121
  • Moody's/S&P B2/ B+
  • Stock Private
400 Evansdale Drive, Evansdale, IA , 50707
  • Size SF3,238
  • Built/Renov1998/2023
  • Price/SF$449
  • Lease Start05-01-2024
  • Rent/SF$25.16
  • Lease Type Abs NNN
  • Lot/AC1.06
  • Pop 5MI32,716

1,455,000

  • Cap Rate 5.60%
  • NOI $81,459
  • R. Term/Yrs 19.4
  • Guarantor Franchisee
  • # Units 121
  • New prototype

  • Recent renovation

  • Near major nationals

  • Strategically located

  • Freeway visibility

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • 100+ unit franchisee backed

  • Credit rated company

  • ...
  • Tenant Arby's
  • Guarantor Franchisee
  • #Units 121
  • Moody's/S&P B2/ B+
  • Stock Private
1333 Edgewood Road Southwest, Cedar Rapids, IA , 52404
  • Size SF3,219
  • Built/Renov1984/2023
  • Price/SF$715
  • Lease Start05-01-2024
  • Rent/SF$40.22
  • Lease Type Abs NNN
  • Lot/AC1.03
  • Pop 5MI112,680

2,300,000

  • Cap Rate 5.63%
  • NOI $129,467
  • R. Term/Yrs 19.4
  • Guarantor Franchisee
  • # Units 121
  • Recent renovation

  • Dense retail corridor

  • Near major nationals

  • Strong demographics

  • Major MSA

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • 100+ unit franchisee backed

  • Credit rated company

  • ...
  • Tenant Arby's
  • Guarantor Franchisee
  • #Units 121
  • Moody's/S&P B2/ B+
  • Stock Private
2635 Blairs Ferry Road Northeast, Cedar Rapids, IA , 52402
  • Size SF4,785
  • Built/Renov2000
  • Price/SF$413
  • Lease Start05-01-2024
  • Rent/SF$21.70
  • Lease Type Abs NNN
  • Lot/AC1.58
  • Pop 5MI129,658

1,978,000

  • Cap Rate 5.25%
  • NOI $103,822
  • R. Term/Yrs 19.4
  • Guarantor Franchisee
  • # Units 121
  • Signalized intersection

  • Hard corner intersection

  • WalMart out-parcel

  • Freeway visibility

  • Strong demographics

  • Major MSA

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • 100+ unit franchisee backed

  • ...
  • Tenant Arby's
  • Guarantor Franchisee
  • #Units 121
  • Moody's/S&P B2/ B+
  • Stock Private
4585 Ashford Dunwoody Road Northeast, Atlanta, GA , 30346
  • Size SF3,850
  • Built/Renov2015/2023
  • Price/SF$829
  • Lease Start03-01-2024
  • Rent/SF$43.50
  • Lease Type Double NN
  • Lot/AC0.20
  • Pop 5MI253,942

3,190,000

  • Cap Rate 5.25%
  • NOI $167,475
  • R. Term/Yrs 9.2
  • Guarantor Corporate
  • # Units 65
  • Recent renovation

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Freeway close

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 10+ yr lease

  • Corporate Guarantee

  • ...
  • Tenant Snooze A.M. Eatery
  • Guarantor Corporate
  • #Units 65
  • Stock Private
1000 Nathan Dean Bypass, Rockmart, GA , 30153
  • Size SF2,000
  • Built/Renov2023
  • Price/SF$1,500
  • Lease Start12-01-2023
  • Rent/SF$82.50
  • Lease Type Abs NNN
  • Lot/AC0.87
  • Pop 5MI15,096

3,000,000

  • Cap Rate 5.50%
  • NOI $165,000
  • R. Term/Yrs 18.11
  • Guarantor Franchisee
  • # Units 94
  • 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

  • ...
  • Tenant Burger King
  • Guarantor Franchisee
  • #Units 94
  • Stock NYSE: QSR
1416 Scenic Highway North, Snellville, GA , 30078
  • Size SF2,813
  • Built/Renov2024
  • Price/SF$1,541
  • Lease Start12-01-2024
  • Rent/SF$69.32
  • Lease Type Abs NNN
  • Lot/AC1.57
  • Pop 5MI200,969

4,334,000

  • Cap Rate 4.50%
  • NOI $195,000
  • R. Term/Yrs 14.11
  • Guarantor Corporate
  • # Units 677
  • New construction

  • Signalized intersection

  • Dense retail corridor

  • Highway location

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Tenant Raising Cane's
  • Guarantor Corporate
  • #Units 677
  • Stock Private
885 Glynn Street North, Fayetteville, GA , 30214
  • Size SF1,200
  • Built/Renov2024
  • Price/SF$1,767
  • Lease Start01-01-2024
  • Rent/SF$110.42
  • Lease Type Abs NNN
  • Lot/AC0.69
  • Pop 5MI83,272

2,120,000

  • Cap Rate 6.25%
  • NOI $132,500
  • R. Term/Yrs 14.0
  • Guarantor Corp Rated
  • # Units 3,514
  • New construction

  • Near major nationals

  • Shopping Ctr out-parcel

  • Highway location

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • Publicly traded company

  • ...
  • Tenant Sonic Drive-In
  • Guarantor Corp Rated
  • #Units 3,514
  • Moody's/S&P B2/ B+
  • Stock Private
1548 Montclair Road, Irondale, AL , 35210
  • Size SF2,799
  • Built/Renov1970/2004
  • Price/SF$889
  • Lease Start05-26-2022
  • Rent/SF$55.54
  • Lease Type Abs NNN
  • Lot/AC0.67
  • Pop 5MI124,828

2,487,000

  • Cap Rate 6.25%
  • NOI $155,455
  • R. Term/Yrs 17.5
  • Guarantor Franchisee
  • # Units 19
  • Signalized intersection

  • Hard corner intersection

  • Near major nationals

  • Freeway close

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Long 15+ yr lease

  • Annual rent increases

  • Personal guarantee

  • ...
  • Tenant Zaxby's
  • Guarantor Franchisee
  • #Units 19
  • Stock Private
5881 Trussville Crossings Parkway, Birmingham, AL , 35235
  • Size SF3,301
  • Built/Renov2006
  • Price/SF$856
  • Lease Start05-26-2022
  • Rent/SF$53.51
  • Lease Type Abs NNN
  • Lot/AC1.26
  • Pop 5MI91,423

2,826,000

  • Cap Rate 6.25%
  • NOI $176,653
  • R. Term/Yrs 17.5
  • Guarantor Franchisee
  • # Units 19
  • Signalized intersection

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Freeway close

  • Affluent suburb location

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Personal guarantee

  • ...
  • Tenant Zaxby's
  • Guarantor Franchisee
  • #Units 19
  • Stock Private

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