Burger joint bound for former gas station.
A new McDonald's will soon break ground on Chamblee Tucker Road in Chamblee. The new twin drive-thru unit will be built at the corner of Chamblee Tucker Road and DeKalb Technology Parkway. The 3,700 square foot fast food restaurant replaces a former QuikTrip which was recently demolished. Tulsa, Oklahoma-based QuikTrip opened a new, larger format "Gen 3" gas station and C-store across the street in 2013.
A new McDonald's will soon break ground on Chamblee Tucker Road in Chamblee. The new twin drive-thru unit will be built at the corner of Chamblee Tucker Road and DeKalb Technology Parkway. The 3,700 square foot fast food restaurant replaces a former QuikTrip which was recently demolished. Tulsa, Oklahoma-based QuikTrip opened a new, larger format "Gen 3" gas station and C-store across the street in 2013.
I first got wind of the planned McDonald's last year, but it seemed to have stalled. New information confirms a ground lease was executed for the parcel and that construction will commence soon.
Don Thompson stepped down as President and CEO of McDonald's this past January and Brit Steve Easterbrook now heads the billion dollar burger business. McDonald's has struggled to drive sales, often aggravating franchisees with the addition of new products and equipment.
McDonald's previously added new area locations in Brookhaven on Clairmont Road near Buford Highway (a relocation) and on Buford Highway in Doraville, about a half mile outside the perimeter. A new McDonald's also opened on North Druid Hills Road in place of the former Atlanta Diner in Brookhaven.
Not far away from the upcoming McDonald's, on the other side of Chamblee Tucker, a new Zaxby's will also soon start construction. The Zaxby's, too, has been stalled for months. The former Bon Auto Service shop the chicken joint will replace was recently demolished to prepare for the construction. The site is about 2 blocks from I-285 and across the street from the Kroger-anchored Embry Village shopping center.
McDonald's has streamlined its construction process to the point where they can have most standard restaurants open in about 90 days. I'd expect for the upcoming Chamblee location to take about that long. The upcoming Zaxby's will likely take longer, perhaps four to five months.
While Zaxby's is not (yet) a publicly traded company, McDonald's is, as are Burger King and Wendy's.
Below are yesterday's closing stock prices for the three burger chains and closing prices from the time of my previous post on 4/23/13.
Restaurant Brands International Inc (QSR) $41.07 / +5.20% YTD
McDonald's (MCD) $100.11 / +6.84% YTD
Wendy's (WEN) $11.57 / +28.13% YTD
Wendy's (WEN) $11.57 / +28.13% YTD
Burger King (BKW) $18.31 / +11.37% YTD
McDonald's (MCD) $99.32 / +12.59% YTD
Wendy's (WEN) $5.42 / +15.32% YTD
Following the 2014 merger with Tim Hortons, Burger King is now known as Restaurant Brands International and trades under the QSR ticker symbol.
McDonald's (MCD) $99.32 / +12.59% YTD
Wendy's (WEN) $5.42 / +15.32% YTD
Following the 2014 merger with Tim Hortons, Burger King is now known as Restaurant Brands International and trades under the QSR ticker symbol.
As you can see, McDonald's stock price has remained about the same while Wendy's has performed especially well, up over 100% since my last post.
Fun Factoid: A new film called "The Founder" will soon begin shooting in metro Atlanta. The film stars Michael Keaton as Ray Kroc, the man credited with growing McDonald's into one of the most well known brands on the planet.
Please share your thoughts below.
Fun Factoid: A new film called "The Founder" will soon begin shooting in metro Atlanta. The film stars Michael Keaton as Ray Kroc, the man credited with growing McDonald's into one of the most well known brands on the planet.
Please share your thoughts below.