Representative Photo
Burger King
2716 Sandy Plains Rd, Marietta, GA 30066
Offering Memorandum
™
R E T A I L
A D V I S O R S
C O NFIDENTIALITY & DI SCLAIMER STATEMENT
This Offering Memorandum contains select information pertaining to the business and affairs of Burger King located at 2716 Sandy
Plains Rd, Marietta, GA 30066 (“Property”). It has been prepared by Matthews Retail Advisors . This Offering Memorandum may not
be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering
Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is
not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews
Retail Advisors . The material is based in part upon information supplied by the Seller and in part upon financial information
obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty,
express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal
liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and
form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.
By acknowledging your receipt of this Offering Memorandum for the Property, you agree:
1. The Offering Memorandum and its contents are confidential;
2. You will hold it and treat it in the strictest of confidence; and
3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents
in any fashion or manner detrimental to the interest of the Seller.
Owner and Matthews Retail Advisors expressly reserve the right, at their sole discretion, to reject any and all expressions
of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering
Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of
the Property has been fully executed and delivered.
If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such
negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.
A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information
provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed
Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims
against Seller or Matthews Retail Advisors or any of their affiliates or any of their respective officers, Directors, shareholders,
owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the
marketing or sale of the Property.
This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that
there has been no change in the state of affairs of the Property since the date this Offering Memorandum.
Matthews Retail Advisors
Table of Contents
Pricing & Financial Analysis
Investment Highlights.................................................... 2
Executive Summary...................................................... 3
Company Overview .................................................... 4
Property Description
Physical Description...................................................... 7
Tenant Map................................................................. 8
Regional Map.............................................................. 9
Bird’s Eye.................................................................. 10
Demographics
City Overview | Marietta, GA..................................... 12
Demographics Report................................................. 13
EXCLUSIVELY LI STED BY:
Gary Chou
Director | Restaurant Practice Group
direct +1.310.919.5827
MOBILE +1.714.928.8016
gary.chou@matthews.com
License No. 01911222
Kyle Matthews
Broker of Record
Matthews Retail Group, Inc.
License No. 363764
Matthews Retail Advisors
Representative Photo
Pricing & Financial Analysis
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Investment Highlights
STRONG INTERNATIONAL BRAND
• Internationally Recognized Brand – Burger King is the second largest hamburger chain in the
world with over 13,000 stores in operations
GREAT FOR OUT-OF-STATE INVESTORS
• Absolute NNN Investment – Zero landlord responsibilities making this a great investment for
out of state investors looking for passive income
STRONG RETAIL LOCATION
• Thriving Middle Class Suburb – Average household income in the three mile radius exceeds
$96,000 and population exceeds 181,000
• Heavy Traffic Counts – Sandy Plains Rd supports over 34,000 CPD and Burger King can be
easily seen and accessed by northbound and southbound traffic
• Strong Corridor of National Tenants – Nearby tenants include Dunkin Donuts, McDonald’s,
Zaxby’s, Wells Fargo, Walgreens, Arby’s, Chick-fil-A, Advance Auto Parts, LA Fitness, Bank of
America, among others
P. 2
Matthews Retail Advisors
OFFERING MEMORANDUM | Burger King
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Executive Summary
Burger King
2716 Sandy Plains Rd
Marietta, GA 30066
Annualized Operating Data
Current - 5/12/2019
Monthly Rent
Annual Rent
CAP Rate
$5,559.92
$66,719.04
8.75%
List Price............................................................................................... $763,000
CAP Rate - Current����������������������������������������������������������������������������������� 8.75%
Gross Leasable Area�������������������������������������������������������������������������� 2,591 SF
Lot Size ......................................................................... 0.96 Acres (41,818 SF)
Year Built��������������������������������������������������������������������������������������������������������1995
Tenant Summary
Tenant Trade Name
Burger King
Type of Ownership
Fee Simple
Lease Guarantor
Franchisee
Lease Type
Roof and Structure
Original Lease Term
NNN
Tenant
16 Years
Lease Commencement Date
5/13/2003
Rent Commencement Date
5/13/2003
Lease Expiration Date
5/12/2019
Term Remaining on Lease
Increases
3.7 Years
None - Percentage Rent
Options
none
Actual Property Photo
Burger King | OFFERING MEMORANDUM
Matthews Retail Advisors
P. 3
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Company Overview
Property Name
Property Type
Parent Company Trade Name
Ownership
Credit Rating
Rating Agency
Burger King
Net Leased Quick Service Restaurant
Restaurant Brands International Inc.
Public
B+
Standard & Poor’s
Revenue
$1.97 B
Net Income
$117.7 M
Stock Symbol
Board
NYSE
No. of Locations
No. of Employees
Headquartered
Web Site
Year Founded
P. 4
QSR
Matthews Retail Advisors
±13,000
±34,000
Miami, FL
http://www.bk.com/
1953
Burger King is a global chain of hamburger fast food restaurants
headquartered in Miami, Florida. The company began in 1953 as
Insta-Burger King. but after financial difficulties in 1954, two large
franchisees in Miami, purchased the company and renamed
it Burger King. In 2002, a third set of owners, a partnership of
TPG Capital, Bain Capital, and Goldman Sachs Capital Partners,
took it public. Eight years later, 3G Capital of Brazil acquired a
majority stake in BK and the new owners promptly initiated a
restructuring of the company to reverse its declining market
share. 3G, along with partner Berkshire Hathaway, merged the
company with Canadian-based doughnut chain Tim Hortons
under a new Canadian-based parent company, Restaurant
Brands International which was founded on August 25, 2014. The
multinational giant currently serves customers in US and Canada,
Europe, Middle East and Africa, Latin America, the Caribbean,
and Asia Pacific.
OFFERING MEMORANDUM | Burger King
Property Description
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Representative Photo
P. 6
Matthews Retail Advisors
OFFERING MEMORANDUM | Burger King
PROPERTY DESCRIPTION
PRICING AND FINANCIAL ANALYSIS
DEMOGRAPHICS
Physical Description
THE OFFERING
Property Name..................................................................................... Burger King
Property Address...............................................................2716 Sandy Plains Rd
Marietta, GA 30066
Assessor’s Parcel Number...................................................... 16-0596-0-029-0
SITE DESCRIPTION
Number of Stories���������������������������������������������������������������������������������������������One
Year Built..............................................................................................................1995
Gross Leasable Area (GLA)�������������������������������������������������������������������� 2,591 SF
Lot Size............................................................................. 0.96 Acres (41,818 SF)
Type of Ownership................................................................................Fee Simple
Landscaping.........................................................................................Professional
Topography.................................................................................... Generally Level
CONSTRUCTION
Foundation........................................................................................Concrete Slab
Framing..............................................................................................................Wood
Exterior............................................................................................. Painted Stucco
Parking Surface.............................................................................................Asphalt
Roof.........................................................................................................................Flat
Burger King | OFFERING MEMORANDUM
Matthews Retail Advisors
P. 7
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Tenant Map
P. 8
Matthews Retail Advisors
OFFERING MEMORANDUM | Burger King
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Regional Map
Burger King | OFFERING MEMORANDUM
Matthews Retail Advisors
P. 9
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Bird’s Eye
P. 10
Matthews Retail Advisors
OFFERING MEMORANDUM | Burger King
Demographics
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
City Overview | Marietta, GA
Marietta is located in central Cobb County, Georgia, United States, and is the county’s seat and largest city. Marietta is 15 miles northwest of Atlanta and the Cobb
County seat. At 23 square miles, Marietta is one of Georgia’s most populous cities, with 56,579 residents calling the city home. The city of Marietta, Ga., is a
full-service municipality distinguished by its unique history, sense of community and modern quality of life.
The National Civic League judged Marietta one of the 10 best communities in the nation as a 2006 All-America City, the oldest and most-respected community
recognition award in the country. CNNMoney.com named Marietta one of the top 25 places in the United States to retire in 2011.
Marietta is filled with things to do. The city has six historic districts, some that are even on the National Register of Historic Places. Visitors can take guided
historical tours to learn more about the city and gain an understanding about Marietta’s roots. Marietta offers arts and cultural entertainments, such as museums,
live theater, and entertainment events. Popular entertainment venues include the Strand Theater and Historic Marietta Square. The city has other things to do,
such as shopping, dining, and outdoor activities.
P. 12
Matthews Retail Advisors
OFFERING MEMORANDUM | Burger King
PRICING AND FINANCIAL ANALYSIS
DEMOGRAPHICS
PROPERTY DESCRIPTION
Demographics Report
Population
2020 Projection
2015 Estimate
2010 Census
2000 Census
Growth 2015-2020
Growth 2010-2015
Growth 2000-2010
1-Mile
7,738
7,432
7,174
6,901
4.12%
3.59%
3.97%
3-Mile
65,509
63,160
61,234
59,860
3.72%
3.15%
2.30%
5-Mile
181,870
174,570
168,158
161,859
4.18%
3.81%
3.89%
Households
2020 Projection
2015 Estimate
2010 Census
2000 Census
Growth 2015-2020
Growth 2010-2015
Growth 2000-2010
2,954
2,813
2,678
2,472
5.04%
5.02%
8.35%
24,390
23,332
22,335
21,061
4.53%
4.46%
6.05%
69,773
66,501
63,335
58,388
4.92%
5.00%
8.47%
6.99%
5.91%
6.71%
9.12%
20.24%
15.13%
11.28%
6.94%
9.99%
2.97%
3.84%
0.91%
$97,096
$76,708
6.99%
5.91%
6.71%
9.12%
20.24%
15.13%
11.28%
6.94%
9.99%
2.97%
3.84%
0.91%
$96,491
$72,802
Income
$0 - $15,000
$15,000 - $24,999
$25,000 - $34,999
$35,000 - $49,999
$50,000 - $74,999
$75,000 - $99,999
$100,000 - $124,999
$125,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $499,999
$500,000+
2015 Est. Average Household Income
2015 Est. Median Household Income
Burger King | OFFERING MEMORANDUM
7.25%
5.23%
6.58%
9.95%
24.81%
13.22%
9.60%
5.83%
11.06%
3.20%
2.77%
0.50%
$92,134
$71,115
Matthews Retail Advisors
P. 13
Burger King
2716 Sandy Plains Rd
Marietta, GA 30066
OFFERING MEMORANDUM
™
Gary Chou
Director | Restaurant Practice Group
direct +1.310.919.5827
MOBILE +1.714.928.8016
gary.chou@matthews.com
License No. 01911222
Matthews Retail Advisors | 841 Apollo Street, Suite 150 | El Segundo, CA 90245 | www.Matthews.com
Kyle Matthews
Broker of Record
Matthews Retail Group, Inc.
License No. 363764