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Burger King

Midway, Georgia

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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.

✓ Recent 15 Year Lease Extension
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases of Ten Percent (10%) Every Five (5) Years
✓ Four (4) Tenant Renewal Periods of Five (5) Years Each
✓ Percentage Rent Provision (8.25% Natural Breakpoint)

Key Details

Price:
$1,811,024
Cap Rate:
6.35%
Annual Rent:
$115,000
Address:
13708 East Oglethorpe Highway, Midway, Georgia 31320
Property Type:
Retail - Net-Lease Quick-Service Restaurant
Lease Type:
Triple-Net (NNN)

Original Lease Term:
15 Years
Lease Commencement:
1/11/2024
Lease Expiration:
1/31/2039
Lease Term Remaining:
15 Years
Rental Increases:
10% Every 5 Years (Plus Percentage Rent)
Lot Size:
1.04 Acres
Building Size:
3,440 SF
Year Built:
2019
Tenant:
Burger King

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Howard Curd

License: 10401339720

Broker of record

Brian Brockman

Bang Realty-Georgia, Inc

License: 378952


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