4105 Highway 20 “Under Contract”

Property Description

UNDER CONTRACT

Investment Opportunity

• Price Reduced from $2,900,000 to $2,090,000
• Price SF: $658.06
• NOI: $129,791
• Cap Rate:  6.2%
• Tenant: Burger King – 62 year old brand
• Franchisee:  GPS Hospitality
• Lease Type: Absolute NNN
• Lease Term:  20 Year Lease
• Commenced 2015; Expiration 9/30/2035
• Annual Rents: $120,736 (2025); $129,791 (2030); $139,525 (2035)
• Four 5-year renewal options with 7.5% rent escalations

• 3,176± SF Restaurant Building
  • Drive-thru with ordering station and pick-up window
• 0.981 Acres

• Access via shopping center; does not have direct access from roadway

• Parcel R7229-106

• Built 2015

• Parking 51± Spaces

• Roof Flat / TPO

• Central heat and air conditioning

• Electrical Single meter; 3Phase / 4Wire

• High traffic location – 68,100± AVG VPD (2023 GDOT)
• Outparcel to a shopping center anchored by Big Lots, Northern Tool & Equipment and Planet Fitness; across from Home Depot

• One mile from the Mall of Georgia

• Located less than 1/2 mile of I-985, Exit 4