DEALS

Deals

Burger King – Augusta, GA

THE OPPORTUNITY

  • Approximately 19 years of lease term remaining
  • Ground Lease; NNNs passed through Shopping Center owner
  • Strong demographics and growth associated with Cyber Command at Ft Gordon Army Base
  • 20-year base term with 9% rental bumps every 5 years

THE HIGHLIGHTS

  • Fast Casual vacancies within the market are nearly non-existent
  • Located across from the market’s only mall, Augusta Mall, a Brookfield Properties mall with tenants including Apple Store, Macy’s, Dicks, and more.
  • Located on major retail thoroughfare (32,000 ADT just off I-520 and I-20 – 89,600 ADT)
  • Dynamic daytime traffic generators between I-520, Augusta University, Augusta Mall, and Daniel Field Airport
  • Located as an outparcel to Richmond Plaza, a newly redeveloped shopping center owned by a national REIT and anchored by a new Ashley Furniture.
  • Location offers strong local trade, high traffic and visibility as well as excellent ingress and egress
  • Huffington Post reports Augusta, Georgia, is one of the hottest, cutting-edge high-tech centers in the country today, growing by leaps and bounds and poised to become a major center for cyber security.
  • Interstate Location
  • Centrally located to the entire Augusta, GA CSRA market on Wrightsboro Road

THE DEAL POINTS

  • Price: $2,330,000
  • Cap Rate: 5.50%
  • NOI: $128,260.44
  • Occupancy: 100%
  • Year Renovated: 2019

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