Rockmart, GA - Burger King
$2,817,000
1000 Nathan Dean Bypass, Rockmart, GA 30153
6.25
Cap Rate
162,000
NOI
Details:
Description:
• The tenant, GPS Hospitality, LLC, will execute a brand-new 20-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• GPS Hospitality is an experienced QSR franchisee with a 94-unit guarantee
• The lease will feature scheduled rental increases of 8% every five years and at the beginning of each option, generating NOI and hedging against inflation
• Burger King is strategically located at the signalized, hard corner intersection of Piedmont Ave and Nathan Dean Bypass averaging 35,000 VPD
• The immediate trade area is supported by surrounding retailers such as Walmart Supercenter, Chick-fil-A, McDonald’s, Popeyes, and more
• The asset benefits from excellent frontage and access, providing ease and convenience for customers
Location

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