2230 Salem SE Rd Conyers, GA 30013-1843

Property Details for 2230 Salem SE Rd

Year built

1988

Construction

WOOD

Lot size

0.65 lot acres

Property size

2,547 SF

Zone code

MXD

Property type

Drive through restaurants

APN

093-0-02-009G

APU

093002009G

Description

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.

Location Insight

City

Conyers

County

Rockdale

State

Georgia

Longitude

-83.9782

Latitude

33.6313

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments