For Sale
$2,636,892

2230 Salem RdConyers, GA 30013

High-Traffic, Long-Term NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 2,547 square foot Burger King located at 2230 Salem Rd SE, Conyers, GA 30013. Situated on a 0.65-acre lot, this single-tenant, absolute triple-net (NNN) property boasts a 14+ year remaining lease term (expiring 10/30/2038) with a franchisee operator owning 40+ units. The property benefits from its prime location directly off exit 84 (Salem Road) of US Highway 278, adjacent to Interstate 20, with visible exit ramp signage. This high-traffic area sees approximately 40,000 vehicles daily. The property's strong financial performance is reflected in its $171,399 NOI and a 6.50% cap rate, with an asking price of $2,636,892 ($1,035.29/sq ft). The lease includes rent bumps and four 5-year renewal options. The surrounding area demonstrates excellent demographics, with an average household income of $77,038 within 1, 3, and 5 miles. This Burger King's success is further supported by its interstate visibility, high traffic counts, and the area's population growth. This is a rare opportunity to acquire a well-performing, long-term NNN investment in a strong market.

Highlights

  • 2,547 SF Burger King on 0.65-acre lot in Conyers, GA.
  • High-traffic location (40,000 VPD) at I-20 exit 84 with prominent signage.
  • Experienced Atlanta-based operator with 40+ units.
  • Strong financial performance: $171,399 NOI, 6.50% cap rate, $2,636,892 asking price ($1,035.29/SF).

Property Details for 2230 Salem Rd

Property type
Retail properties
Square Feet
2,547 SF
Lot Size (sq. ft)
28,314 SF

Location Insight

City
Conyers
County
Rockdale
State
Georgia
Latitude
33.63132894
Longitude
-83.97854979
2230 Salem Rd, Conyers, Georgia

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2230 Salem Rd
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