For Sale
$3,587,440

278 Ocilla HwyFitzgerald, GA 31750

Georgia Burger King, strong ROI, 17+ years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 3,019 square foot Burger King property located at 278 Ocilla Hwy, Fitzgerald, GA 31750. The property, built in 2009 and fully remodeled in 2024, sits on a 0.61-acre corner lot at a signalized intersection boasting a combined daily traffic count of 21,130 vehicles. This absolute NNN lease, with a corporate guarantee from a credit-rated franchisee, offers significant investor benefits. The lease commenced October 31, 2021, and has a remaining term of 17 years, extending to October 30, 2041, with four 5-year renewal options, each including a 6.5% rent increase. The current rent is $224,215 annually, representing a 6.25% cap rate and a price per square foot of $1,188.29. The next rent increase of 6.5% is scheduled for November 1, 2026. This strategically located property is situated across from a Walmart and is part of the Colony Square Shopping Center, anchored by Tractor Supply Co. and Dollar General. The strong demographics within a 5-mile radius include over 14,700 residents. This Burger King location is a top performer within the franchisee's system, demonstrating exceptional sales and a robust return on sales ratio. The property offers zero landlord responsibilities, making it an ideal low-maintenance investment. The asking price is $3,587,440.

Highlights

  • Burger King NNN lease with 17+ years remaining in the primary term.
  • Absolute NNN lease; zero landlord responsibilities.
  • 6.5% rent increases every 5 years throughout the primary term and options.
  • Strong demographics: 14,700+ residents within 5 miles.
  • Outparcel location across from Walmart, in Colony Square Shopping Center (anchored by Tractor Supply and Dollar General).
  • High-traffic corner lot on a signalized intersection with 21,130 vehicles per day.

Property Details for 278 Ocilla Hwy

Property type
Retail properties, Retail space
Square Feet
3,019 SF
Year Built/Renovated
2009/2024
Buildings
1
Lot Size (sq. ft)
26,572 SF
Units
1

Location Insight

City
Fitzgerald
County
Ben Hill
State
Georgia
Latitude
31.693104
Longitude
-83.2448923
278 Ocilla Hwy, Fitzgerald, Georgia

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278 Ocilla Hwy
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