Burger King

3016 Allison-Bonnett Memorial Drive, Hueytown, AL 35023

$1,453,000

Cap Rate 5.85%

Views: 30 DOM: 36 Updated: 05.06.24 Posted: 04.11.24 Status: Active

Summary

Price $1,453,000	Built/Renov 2014	Tenant Burger King
Cap Rate 5.85%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,108	Lease Start 10-30-2018	#Units 35
Price/SF $467.50	Expiration 10-31-2038	Tenant Type Fast Food/QSR
NOI $85,000	R. Term 14.5	Ownership Fee Simple
Rent/SF $27.35	Increases 10.0%/5/yrs	Pop 5Mi 73,082
Lot/AC 0.69	Options 0/0yrs	AHHI 5Mi $61,083

Lease Highlights

Burger King has 14+ years remaining on the current lease term with no options remaining
The lease features 10% rental escalations every 5 years throughout the lease term
Absolute NNN | Zero landlord responsibilities
Strong sales trends | Sales increased nearly 25% in 2023 | Speak with Agent for details
Lease guaranteed by Bulldog Restaurants, LLC (35 units backed)

Location Description

Burger King is strategically located on Allison Bonnett Memorial Dr, with access to 35,800 vehicles passing by daily. The property serves as an outparcel to Bonnett Plaza, a shopping center anchored by Publix and other well-known national tenants such as CVS, AutoZone, and Spectrum. Furthermore, it is conveniently situated within walking distance of River Square Plaza, Piggly Wiggly, the local...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Strategically located
Top 100 MSA
Strong sales history
Absolute NNN
Long 10+ yr lease
25+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Hueytown, Alabama Zip Code 35023 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:Bulldog Restaurants, LLC
# Units:35
Tenant S&P: BB
Stock: NYSE: QSR

About Tenant

Burger King is the second-largest fast-food hamburger chain in the world. Their menu features their signature Whopper and Whopper Jr. hamburgers, in addition to chicken sandwiches, breakfast...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	4,154	31,970	72,168
2023 Total Population :	4,243	32,515	73,082
2023 Employed Civilian Pop :	1,911	15,079	31,889
2023 Total Businesses :	274	814	2,008
2023 Average Household Income :	$ 66,707	$ 66,388	$ 61,083
2023 Total Consumer Spending :	$ 95 M	$ 743 M	$ 1570 M
2023 Median Age :	45	42	41
2023 Total Households :	1,638	12,826	29,383
2023 Pop Age 25+: Bachelor's Degree :	405	3,467	6,688
2023 Average Home Value :	$ 162,391	$ 203,724	$ 196,716

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Allison-Bonnett Memorial Dr	Mabelon Ct	2001	19,800	0.08 mi
Forest Road	Alaska Dr	2019	6,397	0.21 mi
Forest Road	Forest Cir	2020	6,128	0.21 mi
Forest Rd	Alaska Dr	2001	7,800	0.24 mi
Allison-Bonnett Memorial Drive	Holly St	2019	17,285	0.24 mi
Allison-Bonnett Memorial Drive	Clermont Ave	2020	16,238	0.24 mi
Allison-Bonnett Memorial Drive	Forest Rd	2019	11,934	0.40 mi
Allison-Bonnett Memorial Drive	Vann St	2021	11,211	0.47 mi
Allison-Bonnett Memorial Drive	Pleasant Grove Rd	2020	11,211	0.47 mi
Allison-Bonnett Memorial Drive	Pleasant Grove Rd	2014	12,590	0.50 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

156 Listings
6785 Views
10 Sold

Calvin Short

Berkeley Capital Advisors

Contact

163 Listings
7133 Views
11 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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