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Burger King 13708 Oglethorpe Hwy

3,440 SF Retail Building Midway, GA 31320 $1,703,704 ($495/SF) 6.75% Cap Rate

Restaurants Georgia Midway 13708 Oglethorpe Hwy, Midway, GA 31320

Investment Highlights

  • Recent 15 Year Lease Extension
  • Attractive Rental Increases of Ten Percent (10%) Every Five (5) Years
  • Percentage Rent Provision
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 13708 E Oglethorpe Highway, Midway, GA. The site consists of roughly 3,440 rentable square feet of building space on estimated 1.04-acre parcel of land. This investment opportunity features a recently extended fifteen (15) year lease term with zero landlord responsibilities and is subject to four (4), five (5) year tenant renewal options. The current rent annual rent is $115,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and option periods.
*The lease carries a natural percentage rent breakpoint of eight and a quarter (8.25%) percent above $1,393,939.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,440 SF
Year Built
2019
Price
$1,703,704
Price Per SF
$495
Cap Rate
6.75%
NOI
$115,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.04 AC
Parking
36 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
87 FT on East Oglethorpe Highway
1 of 1

PROPERTY TAXES

Parcel Number 265-004 Improvements Assessment $250,562
Land Assessment $72,800 Total Assessment $323,362

PROPERTY TAXES

Parcel Number
265-004
Land Assessment
$72,800
Improvements Assessment
$250,562
Total Assessment
$323,362
(332) 345-4222

Contacts

  • Listing ID: 33233021

  • Date on Market: 9/19/2024

  • Last Updated:

  • Address: 13708 Oglethorpe Hwy, Midway, GA 31320

More public record information on 13708 Oglethorpe Hwy, Midway, GA 31320

The Retail Property at 13708 Oglethorpe Hwy, Midway, GA 31320 is currently available for sale. Contact NNN Pro Group for more information.

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Burger King | 13708 Oglethorpe Hwy
(332) 345-4222 x

Burger King | 13708 Oglethorpe Hwy

1/4

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Matthew Anuszkiewicz

(914) 403-7574

(914) 403-7574

Howie Curd

(332) 345-4339

(332) 345-4339

Patrick Finn

(332) 345-7297

(332) 345-7297

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