Burger King

2060 West Spring Street, Monroe, GA 30655

$2,273,000

Cap Rate 5.85%

Views: 152 DOM: 254 Updated: 09.05.24 Posted: 04.11.24 Status: Active 09.05.24

Summary

Price $2,273,000	Built/Renov 2016	Tenant Burger King
Cap Rate 5.85%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,643	Lease Start 10-30-2018	#Units 32
Price/SF $860.01	Expiration 10-31-2038	Tenant Type Fast Food/QSR
NOI $132,973	R. Term 13.10	Ownership Fee Simple
Rent/SF $50.31	Increases 5.0%/4/yrs	Pop 5Mi 35,327
Lot/AC 0.97	Options 0/0yrs	AHHI 5Mi $83,394

Lease Highlights

Burger King has 14+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 5% rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Strong guarantee | Lease is backed by Mosaic GC Holdings, LLC (32 units backed)

Location Description

Burger King is strategically located on W Spring Street, with access to 16,200 vehicles passing by daily. The property serves as an outparcel to Monroe Crossroads, which is anchored by Home Depot and Walmart Supercenter. Additionally, it is situated within walking distance of Piedmont Walton Hospital, Monroe Pavilion, Shoppes of Monroe, George Walton Academy, Highway 78 (20,900 VPD), and more....

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Key Features

Build to suit
Dense retail corridor
Near major nationals
WalMart out-parcel
Strategically located
Freeway close
Top 100 MSA
Absolute NNN
Long 10+ yr lease
25+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Monroe, Georgia Zip Code 30655 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:Mosaic GC Holdings, LLC
# Units:32
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 :	1,282	21,455	36,388
2023 Total Population :	1,274	20,879	35,327
2023 Employed Civilian Pop :	518	8,569	14,740
2023 Total Businesses :	206	907	1,195
2023 Average Household Income :	$ 80,779	$ 74,628	$ 83,394
2023 Total Consumer Spending :	$ 36 M	$ 511 M	$ 946 M
2023 Median Age :	35	37	38
2023 Total Households :	509	7,844	13,013
2023 Pop Age 25+: Bachelor's Degree :	112	2,028	3,808
2023 Average Home Value :	$ 245,130	$ 260,277	$ 276,827

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
US 411	Hwy 78	2019	20,800	0.18 mi
US Hwy 78 Byp	W Spring St	2015	10,400	0.29 mi
US Hwy 78 Byp	State Rte 138	2019	10,500	0.30 mi
US Hwy 78 Byp	State Hwy138	2018	11,200	0.30 mi
I 59	State Hwy138	2019	15,500	0.36 mi
State Rte 138	US Hwy 78	2019	170	0.46 mi
W Spring St	Breedlove Dr	2013	15,980	0.51 mi
	Hwy 78	2019	6,740	0.52 mi
West Spring Street	Breedlove Dr	2019	17,000	0.60 mi
Michael Etchison Road	Great Oaks Dr	2019	6,490	0.62 mi

Listing Broker

Gary Chou

Berkeley Capital Advisors

Contact

34 Listings
6134 Views
0 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
30097 Views
21 Sold

Gary Chou

With nearly a decade of experience in commercial real estate sales, Gary Chou leads Berkeley Capital Advisors’ West Coast office with a focus on Single Tenant Net Lease, Net Lease Portfolios, and Corporate Sale Leasebacks. Having brokered over 1,300 transactions totaling $3.5 billion, he and his team are highly regarded as one of the most active brokerage teams in the country and serve some of the world’s largest corporate companies, public and private REITs, private equity funds, developers, f

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Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
31233 Views
23 Sold

Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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