Burger King | NNN Investment - Sale Leaseback
413 South Main Street
Swainsboro, GA 30401
Price: $2,051,888
Investment Summary
CAP Rate: Lessee: Building Size: Land Area: NOI: Lease Term: Lease Options: Increases: Lease Type: 6.25%
Southland Foods, Inc.
±3,050 square feet
±58,675 square feet
$128,243
Expires 12/31/32
4 Five Year Options
8% every 5 years
Absolute NNN Lease
Zero Landlord Responsibilities
Actual Swainsboro Property
Investment Highlights
About The Operator:
About Burger King
Sales have steadily increased at this location
WalMart Supercenter directly across the street
Excellent Ebidtar
Full Remodel in 2012 -- New Franchise Agreement Signed
Excellent visibility and access
Superior location to other burger competition in the area
High volume Burger King location: (Above National Average)
2011 Sales: $1,451,054
Guarantor is Southland Foods, Inc. which is a
3 unit entity. Operator has been a franchisee
for 20+ years. The 3 units have seen steady
sales since they were built. Both the Vidalia
and Swainsboro locations were remodeled in
2012 and the Metter, GA location will be remodeled in 2015.
2012 Sales: $1,464,708
2013 Sales: $1,486,284 Every day, more than 11 million guests visit
BURGER KING® restaurants around the
world. And they do so because our restaurants are known for serving high-quality,
great-tasting, and affordable food. Founded in 1954, BURGER KING® is the second
largest fast food hamburger chain in the
world. The original HOME OF THE WHOPPER®, our commitment to premium ingredients, signature recipes, and family-friendly
dining experiences is what has defined our
brand for more than 50 successful years.
Burger King, often abbreviated as BK, is a
global chain of hamburger fast food restaurants headquartered in Miami Florida. The
company began in 1953 as Insta-Burger
King, a Jacksonville, Florida-based restaurant
chain. In late 2010, 3G Capital of Brazil acquired a majority stake in BK in a deal valued
at US$3.26 billion.
Retail Investment Group, LLC
9304 E. Raintree Drive Suite 120
Scottsdale, AZ 85260
Phone 480.429.4580
Fax 480.452.1820
http://retail1031.com
Steven I Davis
Scott A Hintze
Managing Member
Associate
steven@retail1031.com
scott@retail1031.com
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no representation, guarantee or warranty about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, estimates, opinions used are for example only.
The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.