303 Morris Ave - Fast Food FOR SALE


Donalsonville, GA 39845
$2,333,333 USD
805-666-8378
303 Morris Ave, Donalsonville, GA for Sale
$2,333,333 USD
Fast Food - FOR SALE
1/19
null | 6% Cap Rate

303 Morris Ave
Donalsonville, GA 39845


HIGHLIGHTS

  • Exceptional, Seasoned Operator based out of Destin, FL operating about 13+ individual units from the Florida Panhandle up through several Georgia
  • New Construction built-to-suit in 2024, demonstrating Burger King’s commitment and attraction to this market
  • 8.58% Avg Cap Rate Over Term & Options by acquiring this passive asset at a 6.00% cap rate day 1
  • Fee Simple Ownership this an ideal opportunity to acquire a passive cash flow investment with zero landlord responsibilities.
  • Prime Location Donalsonville has limited competition with the subject property being 1 of only 4 national brand QSRs in submarket
  • Within a 35-minute drive: $39.87M Consumer Expenditure on Fast Food

OVERVIEW

CBRE is pleased to present for sale a fee simple investment in a new construction, triple net leased Burger King located in Donalsonville, Seminole County, Georgia. The tenant signed a 20-year base lease with 10% base rental increases every 5 years, and has four (4) 5-year options to renew demonstrating a commitment to the site and township. This new Burger King is positioned to capitalize on a gap in the immediate market, which holds demographics reflecting the ideal target consumer profile for the brand and concept. The lease, backed by an experienced operator and 13+ unit guarantee, includes a financial reporting provision which allows the landlord to keep a pulse on the growth and strength of this unit’s performance over time. This is an opportunity for an investor to acquire a passive cash flow with zero landlord responsibilities in a market that is projected to have positive population and income growth over the next 5 years. This seasoned operator is based out of Destin, Florida, operating 13+ individual units from the Florida Panhandle up through several Georgia markets.

FOR SALE DETAILS

PRICE

$2,333,333 USD

PRICE/SF

$805 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

48,086 SF

ZONING

C-1

APN/PARCEL ID

D0090-00000-037-000

ASK ABOUT THIS PROPERTY

James GarnerCBREMore Info
805-666-8378

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James GarnerCBREMore Info
805-666-8378

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