Burger King for Sale in Lawrenceville, GA
Lawrenceville, GA
Key Investment Metrics
Price
$2,755,000
Cap Rate
6.0%
Net Operating Income
$165,309
Building Size
4035 SF
Land Area
1.14 Acres
Remaining Term
12.8 years
Lease Expiration
12/31/2039
Lease Term
15 years
Lease Commencement
08/11/2003
Lease Type
NNN
Tenant Credit
Franchisee
Year Built
1999
Occupancy
100%
Tenancy
Single
Rent Increases
5.00% Every 5 Years
Property overview
Burger King in Lawrenceville
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 4,035 SF
- Land area
- 1.14 acres
- Year built
- 1999
- Lease type
- NNN
- Lease expiration
- 12/31/2039
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.