2230 Salem SE Rd Conyers, GA 30013-1843
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.
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Tony's Cool Ice Cream Salem Rd Restaurant Take-out & Catering
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Burger King Restaurant
The purpose of the Mixed use Development (MxD) District is to advocate the creation and preservation of a distinct and visually harmonious community of choice that is compact, mixed-use and pedestrian friendly, and supports patterns of urbanization that are stimulating, safe and ecologically sustainable
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MXD · Conyers, GAThe purpose of the Mixed use Development (MxD) District is to advocate the creation and preservation of a distinct and visually harmonious community of choice that is compact, mixed-use and pedestrian friendly, and supports patterns of urbanization that are stimulating, safe and ecologically sustainable
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.