Burger King

3580 Centerville Highway, Snellville, GA 30039

$2,542,000

Cap Rate 5.85%

Views: 468 DOM: 168 Updated: 09.05.24 Posted: 05.09.24 Status: Active

Summary

Price $2,542,000	Built/Renov 2002/2018	Tenant Burger King
Cap Rate 5.85%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 4,481	Lease Start 10-30-2018	#Units 32
Price/SF $567.28	Expiration 10-31-2038	Tenant Type Fast Food/QSR
NOI $148,731	R. Term 14.0	Ownership Fee Simple
Rent/SF $33.19	Increases 5.0%/4/yrs	Pop 5Mi 129,628
Lot/AC 0.89	Options 4/5yrs/5%	AHHI 5Mi $102,775

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
Lease guaranteed by Mosaic GC Holdings, LLC (32 units backed)

Location Description

Burger King is strategically located on Centerville Hwy/Hwy 124, with access to a high daily traffic count of 45,100 vehicles. The property is situated in the main retail corridor and serves as an outparcel to Centerville Shopping Center, which is anchored by Publix Super Market. Additionally, it is just two blocks away from a Walmart Supercenter-anchored shopping center. The immediate area...

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Key Features

Signalized intersection
Build to suit
Dense retail corridor
Shopping Ctr out-parcel
Highway location
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
25+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Snellville, Georgia Zip Code 30039 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 :	7,152	59,091	131,831
2023 Total Population :	7,035	58,594	129,628
2023 Employed Civilian Pop :	3,467	29,530	65,229
2023 Total Businesses :	232	1,087	3,251
2023 Average Household Income :	$ 105,207	$ 101,297	$ 102,775
2023 Total Consumer Spending :	$ 200 M	$ 1646 M	$ 3771 M
2023 Median Age :	36	36	38
2023 Total Households :	2,230	18,972	42,790
2023 Pop Age 25+: Bachelor's Degree :	1,161	9,095	22,965
2023 Average Home Value :	$ 334,820	$ 321,865	$ 318,229

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Centerville Hwy	Imperial Dr	2013	26,460	0.33 mi
Scenic Highway	Zoar Church Rd SW	2019	33,100	0.46 mi
Centerville Rosebud Rd	Spring Creek Cir	2012	17,685	0.56 mi
Saddle Ridge Dr SW	Summit View Ln SW	2004	134	0.59 mi
Zoar Church Rd SW	Arbor Oaks Dr	2014	5,654	0.60 mi
Johnson Dr	Parks Ridge Dr SW	2014	2,852	0.68 mi
Zoar Church Rd SW	Warwick Way	2013	6,257	0.77 mi
Annistown Rd	Johnson Dr	2014	22,197	0.88 mi
Scenic Highway	Huddersfield Dr SW	2019	32,100	1.05 mi
Centerville Rosebud Road	Mink Livsey Rd	2018	12,900	1.09 mi

Listing Broker

Gary Chou

Berkeley Capital Advisors

Contact

34 Listings
4761 Views
0 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
23425 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
24278 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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