Representative Photo Burger King 2716 Sandy Plains Rd, Marietta, GA 30066 Offering Memorandum R E T A I L A D V I S O R S
CONFIDENTIALITY & DISCLAIMER STATEMENT This Offering Memorandum contains select information pertaining to the business and affairs of Burger King located at 2716 Sandy Plains Rd, Marietta, GA 30066 ( Property ). It has been prepared by Matthews Retail Advisors. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Retail Advisors. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum for the Property, you agree: 1. The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller. Owner and Matthews Retail Advisors expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum. A prospective purchaser s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Retail Advisors or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum. Matthews Retail Advisors
Table of Contents Pricing & Financial Analysis Investment Highlights... 2 Executive Summary... 3 Company Overview... 4 Property Description Physical Description... 7 Tenant Map... 8 Regional Map... 9 Bird s Eye... 10 Demographics City Overview Marietta, GA... 12 Demographics Report... 13 EXCLUSIVELY LISTED BY: Gary Chou Director Restaurant Practice Group direct +1.310.919.5827 MOBILE +1.714.928.8016 gary.chou@matthews.com License No. 01911222 Kyle Matthews Broker of Record Matthews Retail Group, Inc. License No. 363764
Matthews Retail Advisors Representative Photo
Pricing & Financial Analysis
Investment Highlights STRONG INTERNATIONAL BRAND Internationally Recognized Brand Burger King is the second largest hamburger chain in the world with over 13,000 stores in operations GREAT FOR OUT-OF-STATE INVESTORS Absolute NNN Investment Zero landlord responsibilities making this a great investment for out of state investors looking for passive income STRONG RETAIL LOCATION Thriving Middle Class Suburb Average household income in the three mile radius exceeds $96,000 and population exceeds 181,000 Heavy Traffic Counts Sandy Plains Rd supports over 34,000 CPD and Burger King can be easily seen and accessed by northbound and southbound traffic Strong Corridor of National Tenants Nearby tenants include Dunkin Donuts, McDonald s, Zaxby s, Wells Fargo, Walgreens, Arby s, Chick-fil-A, Advance Auto Parts, LA Fitness, Bank of America, among others P. 2 Matthews Retail Advisors OFFERING MEMORANDUM Burger King
Executive Summary Burger King 2716 Sandy Plains Rd Marietta, GA 30066 List Price...$763,000 CAP Rate - Current... 8.75% Gross Leasable Area... 2,591 SF Lot Size... 0.96 Acres (41,818 SF) Year Built...1995 Annualized Operating Data Monthly Rent Annual Rent CAP Rate Current - 5/12/2019 $5,559.92 $66,719.04 8.75% Tenant Summary Actual Property Photo Tenant Trade Name Burger King Type of Ownership Fee Simple Lease Guarantor Franchisee Lease Type NNN Roof and Structure Tenant Original Lease Term 16 Years Lease Commencement Date 5/13/2003 Rent Commencement Date 5/13/2003 Lease Expiration Date 5/12/2019 Term Remaining on Lease 3.7 Years Increases None - Percentage Rent Options none Burger King OFFERING MEMORANDUM Matthews Retail Advisors P. 3
Company Overview Property Name Burger King Property Type Net Leased Quick Service Restaurant Parent Company Trade Name Restaurant Brands International Inc. Ownership Public Credit Rating B+ Rating Agency Standard & Poor s Revenue $1.97 B Net Income $117.7 M Stock Symbol QSR Board NYSE No. of Locations ±13,000 No. of Employees ±34,000 Headquartered Miami, FL Web Site http://www.bk.com/ Year Founded 1953 Burger King is a global chain of hamburger fast food restaurants headquartered in Miami, Florida. The company began in 1953 as Insta-Burger King. but after financial difficulties in 1954, two large franchisees in Miami, purchased the company and renamed it Burger King. In 2002, a third set of owners, a partnership of TPG Capital, Bain Capital, and Goldman Sachs Capital Partners, took it public. Eight years later, 3G Capital of Brazil acquired a majority stake in BK and the new owners promptly initiated a restructuring of the company to reverse its declining market share. 3G, along with partner Berkshire Hathaway, merged the company with Canadian-based doughnut chain Tim Hortons under a new Canadian-based parent company, Restaurant Brands International which was founded on August 25, 2014. The multinational giant currently serves customers in US and Canada, Europe, Middle East and Africa, Latin America, the Caribbean, and Asia Pacific. P. 4 Matthews Retail Advisors OFFERING MEMORANDUM Burger King
Property Description
Representative Photo P. 6 Matthews Retail Advisors OFFERING MEMORANDUM Burger King
Physical Description THE OFFERING Property Name... Burger King Property Address...2716 Sandy Plains Rd Marietta, GA 30066 Assessor s Parcel Number... 16-0596-0-029-0 SITE DESCRIPTION Number of Stories...One Year Built...1995 Gross Leasable Area (GLA)... 2,591 SF Lot Size... 0.96 Acres (41,818 SF) Type of Ownership...Fee Simple Landscaping...Professional Topography... Generally Level CONSTRUCTION Foundation...Concrete Slab Framing...Wood Exterior... Painted Stucco Parking Surface...Asphalt Roof...Flat Burger King OFFERING MEMORANDUM Matthews Retail Advisors P. 7
Tenant Map P. 8 Matthews Retail Advisors OFFERING MEMORANDUM Burger King
Regional Map Burger King OFFERING MEMORANDUM Matthews Retail Advisors P. 9
Bird s Eye P. 10 Matthews Retail Advisors OFFERING MEMORANDUM Burger King
Demographics
City Overview Marietta, GA Marietta is located in central Cobb County, Georgia, United States, and is the county s seat and largest city. Marietta is 15 miles northwest of Atlanta and the Cobb County seat. At 23 square miles, Marietta is one of Georgia s most populous cities, with 56,579 residents calling the city home. The city of Marietta, Ga., is a full-service municipality distinguished by its unique history, sense of community and modern quality of life. The National Civic League judged Marietta one of the 10 best communities in the nation as a 2006 All-America City, the oldest and most-respected community recognition award in the country. CNNMoney.com named Marietta one of the top 25 places in the United States to retire in 2011. Marietta is filled with things to do. The city has six historic districts, some that are even on the National Register of Historic Places. Visitors can take guided historical tours to learn more about the city and gain an understanding about Marietta s roots. Marietta offers arts and cultural entertainments, such as museums, live theater, and entertainment events. Popular entertainment venues include the Strand Theater and Historic Marietta Square. The city has other things to do, such as shopping, dining, and outdoor activities. P. 12 Matthews Retail Advisors OFFERING MEMORANDUM Burger King
Demographics Report Population 1-Mile 3-Mile 5-Mile 2020 Projection 7,738 65,509 181,870 2015 Estimate 7,432 63,160 174,570 2010 Census 7,174 61,234 168,158 2000 Census 6,901 59,860 161,859 Growth 2015-2020 4.12% 3.72% 4.18% Growth 2010-2015 3.59% 3.15% 3.81% Growth 2000-2010 3.97% 2.30% 3.89% Households 2020 Projection 2,954 24,390 69,773 2015 Estimate 2,813 23,332 66,501 2010 Census 2,678 22,335 63,335 2000 Census 2,472 21,061 58,388 Growth 2015-2020 5.04% 4.53% 4.92% Growth 2010-2015 5.02% 4.46% 5.00% Growth 2000-2010 8.35% 6.05% 8.47% Income $0 - $15,000 7.25% 6.99% 6.99% $15,000 - $24,999 5.23% 5.91% 5.91% $25,000 - $34,999 6.58% 6.71% 6.71% $35,000 - $49,999 9.95% 9.12% 9.12% $50,000 - $74,999 24.81% 20.24% 20.24% $75,000 - $99,999 13.22% 15.13% 15.13% $100,000 - $124,999 9.60% 11.28% 11.28% $125,000 - $149,999 5.83% 6.94% 6.94% $150,000 - $199,999 11.06% 9.99% 9.99% $200,000 - $249,999 3.20% 2.97% 2.97% $250,000 - $499,999 2.77% 3.84% 3.84% $500,000+ 0.50% 0.91% 0.91% 2015 Est. Average Household Income $92,134 $97,096 $96,491 2015 Est. Median Household Income $71,115 $76,708 $72,802 Burger King OFFERING MEMORANDUM Matthews Retail Advisors P. 13
Burger King 2716 Sandy Plains Rd Marietta, GA 30066 OFFERING MEMORANDUM Gary Chou Director Restaurant Practice Group direct +1.310.919.5827 MOBILE +1.714.928.8016 gary.chou@matthews.com License No. 01911222 Kyle Matthews Broker of Record Matthews Retail Group, Inc. License No. 363764 Matthews Retail Advisors 841 Apollo Street, Suite 150 El Segundo, CA 90245 www.matthews.com