Burger King

Burger King

1164 St Augustine Road
Valdosta, GA

Price: $2,319,000
Cap: 5.15%
NOI: $119,400
Building Size: 2,859 SF
Lot Size: 0.50 AC

Investment Highlights

• Subject property is a 2,859 SF fee simple Burger King in Valdosta (Lowndes County), GA.
• Burger King has been operating at this location for over 23 years and is currently reimaging this store.
• Newly executed 20 year NNN lease with 10% increases every 5-years during the initial term and each of the four, 5-Year options.
• Tenant is 100% responsible for all expenses which include taxes, insurance, CAM, roof and structure.

• This Burger King is well located on St Augustine Road (27,500 VPD) which is the primary retail corridor and sits right off of I-75 (51,900 VPD).
• This property sits as an outparcel to a T.J. Maxx anchored shopping center directly next to a Lowe’s Home Improvement and across the street from Valdosta Mall (464,742 SF).
• There is 2.9M SF of retail in a 1 mile radius if this property and national retailers including Publix, Home Depot, Walmart, Target and more.
• Located 2 miles from Valdosta State University with over 13,000 students.
• The 5 mile population is over 67,000 with 5.52% growth.

• Valdosta is the 16th largest city in Georgia and is the center of the growing four-county Valdosta MSA along the I-75 Corridor.
• Valdosta is a vibrant national retail, industrial, medical, and educational center with a projected job growth to be 36% over the next ten years.
• Home to Valdosta State University which is one of the four comprehensive universities in the University System of GA and serves over 13,000 undergraduate and graduate students.
• Moody Airforce base is located in Valdosta with a population of over 11,000 service members and family.
• Valdosta is called the “Naval Stores Capital of the World” and supplies 80% of the worlds demand for naval stores, pine, and turpentine.
• The Valdosta Regional Airport supports over 73,500 aircraft operations per year.

• Burger King is the second largest fast food hamburger chain in the world.
• Burger King has been in business for 66 years and has an S&P investment grade credit rating of BB-.
• Currently over 17,796+ locations in over 100 countries and annual sales over $16 Billion.
• Burger King is owned by Restaurant Brands International (RBI), one of the worlds largest quick service restaurant companies with more than $32 Billion in system wide sales.

• Consolidated Burger Holdings is an experienced food owner and operator based out of Destin, FL that was founded in 2018.
• This operator currently owns and operates 67 Burger King restaurants in GA and FL and is rapidly expanding
• Consolidated Burger Holdings has a net worth of over $20 million and annual sales that exceed $46 million with over 1,500 Employees.

Don McMinn

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