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Burger King | New 20yr Abs NNN 462 E 3rd St 2,664 SF Retail Building Jackson, GA 30233 $2,538,000 ($952.70/SF) 6.50% Cap Rate
Investment Highlights
- New, 20-Year NNN Lease | 1.5% Annual Rent Increases | 32-Unit Burger King Operator
- Signalized, Hard Corner Intersection | Dense Retail Corridor | Nearby Schools
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
• The tenant recently signed a new, 20-year lease with 1.5% annual rent increases and 4 (5-year) options, demonstrating their commitment to the site
• Strong guarantor | Lease is backed by Mosaic GC Holdings, LLC, a 32-unit Burger King Operator
• Almost 100 percent of Burger King restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades
• Strong guarantor | Lease is backed by Mosaic GC Holdings, LLC, a 32-unit Burger King Operator
• Almost 100 percent of Burger King restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,664 SF
Building Class
B
Year Built/Renovated
1989/2022
Price
$2,538,000
Price Per SF
$952.70
Cap Rate
6.50%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.85 AC
Zoning
GC - General Commercial
Parking
51 Spaces (19.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | J0130-057-000 | Improvements Assessment | $214,783 |
| Land Assessment | $89,681 | Total Assessment | $304,464 |
Property Taxes
Parcel Number
J0130-057-000
Land Assessment
$89,681
Improvements Assessment
$214,783
Total Assessment
$304,464
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Burger King | New 20yr Abs NNN | 462 E 3rd St
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