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Burger King 1840 Cruse Rd 4,035 SF Retail Building Lawrenceville, GA 30044 $2,755,000 ($682.78/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN Structure (No Landlord Responsibilities) | Built-In Rent Growth
- Recent Capital Investment | 2019 Renovation
- Strong Atlanta/Gwinnett Location
- Tenant Commitment | 20 Year Extension | Long-Term Confidence
- Immediate Access to I-85 | Regional Connectivity (~200K+ VPD Influence)
- Established Trade Area Fundamentals
Executive Summary
Surmount is pleased to present the exclusive listing for a Burger King located at 1840 Cruse Road Northwest, Lawrenceville, GA 30044. The site consists of roughly 4,035 rentable square feet of building space on an estimated 1.14-acre parcel of land. Burger King is subject to a 15 year lease that commenced in 2003 and was extended by 20 years in 2019, resulting in a current lease expiration date of 12/31/39. The current annual rent is $165,309 and has scheduled increases of 5.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,035 SF
Building Class
B
Year Built
1999
Price
$2,755,000
Price Per SF
$682.78
Cap Rate
6%
NOI
$165,309
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.14 AC
Zoning
AA012
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7-036-082 | Improvements Assessment | $830,560 |
| Land Assessment | $137,840 | Total Assessment | $968,400 |
Property Taxes
Parcel Number
7-036-082
Land Assessment
$137,840
Improvements Assessment
$830,560
Total Assessment
$968,400
Contacts
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Josh Kanter -
Anthony D'Ambrosia -
Kevin Burke -
Glen Kunofsky -
Christopher Marks -
Surmount
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