2230 Salem SE Rd, Conyers, GA 30013-1843
- Drive through restaurants
- 2,547 SF
- 0.65 lot acres
Current Use by Public Records
- Tony's Cool Ice Cream Salem Rd / Restaurant / Take-out & Catering
- Burger King / Restaurant
Property Details for 2230 Salem SE Rd
- Year built
- 1988
- Construction
- WOOD
- Lot size
- 0.65 lot acres
- Zone code
- MXD
- Property type
- Drive through restaurants
- APN
- 093-0-02-009G
- APU
- 093002009G
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 2, 2025 | $1,990,607 | Spburqsr Investor 3 LLC | Premier Kings Holdings Of Georgia L | Warranty Deed | — |
| Feb 15, 2024 | — | Premier Kings Holdings Of Georgia L | Wells Fargo Bank National Associati | Quit Claim Deed · related | — |
| Nov 2, 2018 | $674,600 | Premier Kings Hldgs Of Georgia | Premier Hldgs Of Georgia LLC | Grant Deed · related | $55.4M · Wells Fargo Bk |
| Jun 8, 2016 | — | Premier Kings Of Georgia INC | — | Deed · related | $90M · Wells Fargo Bk |
| Jan 7, 2015 | $2,220,000 | Premier Holdings Of Georgia LLC | Burger Tigers LLC | Grant Deed · related | — |
| Dec 6, 2012 | — | Georgia-texas Ents INC | — | Deed Of Trust · related | $12.5M · City National Bank |
| — | — | Premier Kings Of Georgia INC | — | Deed Of Trust · related | $90M · Wells Fargo Bk |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,725,000
- ML approach
- $1,880,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,798,000
Market price range: $342k - $1.80M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- 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
