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Burger King Ground Lease, Dalton, GA

Burger King Ground Lease

GA, United States

Price $1,990,000
Cap Rate
NOI
Lease Term 20 Years
Lease Type NNN Ground Lease
Rental Increases 7.50% Rental Increases Every 5 Years
Year Built 2017
Building Size 2,400 SF
Lot Size 0.82 Acres (35,719 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Investment Highlights

LONG-TERM NNN GROUND LEASE TO ICONIC TENANT
» 20-year NNN ground lease with 7.50% rental increases every five years
» Leased to and guaranteed by GPS Hospitality, the second largest Burger King franchisee, with 395 restaurants in 11 states
» No landlord obligations – ideal investment for an out-of-area investor
» Burger King is the second largest fast food hamburger chain in the world, with 15,738 restaurants in over 100 countries

PRIME COMMUTER LOCATION IN MAJOR RETAIL CENTER
» Immediate access to Interstate 75, the primary route through northwest Georgia, with 81,102 vehicles per day
» Located just off of signalized intersection with 54,450 vehicles per day
» Close proximity to top retailers, including Walmart Supercenter, Home Depot, Kohl’s, Academy Sports + Outdoors, Petco, and many others

CENTRAL LOCATION WITH LARGE CUSTOMER BASE
» Less than a mile from Hamilton Medical Center, with 282 beds and 1,059 employees
» Close proximity to Dalton State College (5,188 students) and Dalton High School (1,423 students)
» Surrounded by industrial parks that are home to the largest employers in the Dalton metro area
» Near downtown Dalton, Georgia’s fifth largest downtown district, with approximately 3,000 employees and 300 businesses

NEW 2017 CONSTRUCTION
» 2017 construction featuring a dual-lane drive-thru, providing unparalleled customer convenience, boosting sales revenue
» Building was built by tenant at tenant’s expense, demonstrating long-term commitment to the location

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located on Chattanooga Road, just past the signalized intersection of Chattanooga Road and Shugart Road, which experiences a high traffic count of 54,450 vehicles per day. The property has immediate access to Interstate 75, a heavily traveled roadway with an average traffic count of 81,102 vehicles per day. Several major retailers are located near the site, including Walmart Supercenter, Home Depot, Kohl’s, Academy Sports + Outdoors, and Petco.

The property benefits from its prime location near several schools, employers, and commercial districts, providing a large customer base for Burger King. Dalton High School and Dalton State College are both near the site, with a combined enrollment of 6,611 students. Additionally, Hamilton Medical Center is less than a mile from the property. The 282-bed hospital is the fifth largest employer in the Dalton area, with 1,059 employees. The property is surrounded by a number of large industrial parks, which are home to some of the largest employers in the Dalton area, including Shaw Industries, J+J Flooring, Beaulieu, and Shiroki, among others. Finally, downtown Dalton, located less than three miles from the property, is Georgia’s fifth largest downtown district, with approximately 3,000 employees and 300 businesses.

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