303 Morris Ave, Donalsonville, GA 39845-1565

Property Details for 303 Morris Ave

Lot size

0.99 lot acres

Property type

Commercial land

APN

D0090037

APU

D0090037

Description

This exceptional investment opportunity presents a fee-simple interest in a brand-new, 2024-built Burger King restaurant located at 303 S Morris Ave, Donalsville, GA 39845. The property boasts a 2,900 square foot building situated on a 0.99-acre lot. The absolute NNN lease with Burger King features a 20-year initial term with four, 5-year options, ensuring long-term stability and predictable cash flow. Rent increases are structured with a 10% bump every five years, further enhancing the investment's return. The property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $140,000, representing a 6.00% cap rate. This single-tenant, single-story building offers a passive investment opportunity with minimal landlord responsibilities. The property benefits from a strong operator with a proven track record and a corporate guarantee. The location is strategically positioned within a market projected for positive population and income growth, capitalizing on a limited competition landscape within a 1.5-hour radius. The lease includes a financial reporting provision, allowing for ongoing performance monitoring. The property's location serves a substantial population with a significant annual expenditure on fast food, creating a strong demand for the restaurant. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential. The property's APN is D0150-00000-047-000. The asking price is $2,333,333.

Location Insight

City

Donalsonville

County

Seminole

State

Georgia

Longitude

-84.8854

Latitude

31.0401

Property Tax & Assessments