278 Ocilla HwyFitzgerald, GA 31750

Property Details for 278 Ocilla Hwy

Year built

2009

Lot size

0.61 AC

Property size (Sq ft)

3,019 SF

Zone code

RESIDENTIAL

Property type

Retail properties

Property subtype

Drive through restaurants

APN

13-7-13

APU

13713

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $550,982

  6.5%

  $508,599

  7%

  $472,271

• Comparable approach

  Method

  Valuation

  Relative Method

  $540,844

  Geo Method

  $540,844

• Alternative Use

  Use

  Valuation

  Residential

  $429,022

  Hospitality

  $392,982

  Educational

  $326,957

  Medical

  $338,201

  Retail

  $508,599

Location Insight

City

Fitzgerald

County

Ben Hill

State

Georgia

Latitude

31.6931

Longitude

-83.2449

CBSA code

22340

CBSA name

FITZGERALD, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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