Jackson, GA - Burger King
$2,538,000
462 E. 3rd Street, Jackson, GA 30233
6.5
Cap Rate
165,000
NOI
Details:
Description:
• 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
• The subject property is located at the signalized, hard corner intersection of E. 3rd St and E. College St. which average a combind 18,000 VPD
• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including CVS, Autozone, Piggly Wiggly, Ace Hardware, DG Market, and many more
• The site is in close proximity to Jackson High School (1,070 students) and Stark Elementary School (656 students), further increasing traffic to the area
Location
Gallery