13708 Oglethorpe Hwy - Restaurant FOR SALE


Midway, GA 31320
$1,703,704 USD
332-345-4222
13708 Oglethorpe Hwy, Midway, GA for Sale
$1,703,704 USD
Restaurant - FOR SALE
1/2
null | 6.75% Cap Rate

13708 Oglethorpe Hwy
Midway, GA 31320


HIGHLIGHTS

  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,703,704 USD

PRICE/SF

$495 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

-

APN/PARCEL ID

265-004

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.