Burger King

819 Ann Street, Montgomery, AL 36107

$1,717,000

Cap Rate 6.00%

Views: 25 DOM: 36 Updated: 05.06.24 Posted: 04.10.24 Status: Active

Summary

Price $1,717,000	Built/Renov 2013	Tenant Burger King
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,325	Lease Start 10-30-2018	#Units 35
Price/SF $516.39	Expiration 10-31-2038	Tenant Type Fast Food/QSR
NOI $103,000	R. Term 14.5	Ownership Fee Simple
Rent/SF $30.98	Increases 10.0%/4/yrs	Pop 5Mi 142,524
Lot/AC 0.65	Options 0/0yrs	AHHI 5Mi $64,543

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
Tenant will receive a 30-day rent abatement for remodeling the site in 2027 or later | Speak with Agent for details
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by Bulldog Restaurants, LLC (35 units backed)

Location Description

Burger King is strategically located on Ann Street, with access to 47,840 vehicles passing by daily. The property is an outparcel to Midtown Plaza, a Walmart Supercenter-anchored shopping center housing other well-known national tenants such as Ross, Shoe Carnival, Chick-fil-A, Dollar Tree, O’Reilly Auto Parts, and more. Additionally, the site is conveniently within walking distance of I-85...

...

Key Features

Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Strategically located
Freeway close
Dense 100M+ pop 5 mi
Major MSA
Absolute NNN
Long 10+ yr lease
25+ unit franchisee backed

...

Links

Burger King Wikipedia Burger King Wikipedia Montgomery, Alabama Zip Code 36107 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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	9,727	68,294	140,036
2023 Total Population :	9,985	69,501	142,524
2023 Employed Civilian Pop :	4,415	29,593	60,724
2023 Total Businesses :	594	3,785	6,411
2023 Average Household Income :	$ 55,750	$ 74,572	$ 64,543
2023 Total Consumer Spending :	$ 209 M	$ 1855 M	$ 3367 M
2023 Median Age :	36	38	36
2023 Total Households :	4,276	28,538	59,518
2023 Pop Age 25+: Bachelor's Degree :	1,312	9,223	16,376
2023 Average Home Value :	$ 140,227	$ 195,032	$ 169,822

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Highland Avenue	Dewanee Ct	2021	2,461	0.16 mi
Highland Ave	Longview St	2007	11,320	0.16 mi
Ann St	Poplar St	2018	28,402	0.17 mi
Ann Street	Plum St	2020	24,891	0.18 mi
Ann Street	Thrasher St	2021	24,891	0.18 mi
Highland Avenue	S Panama St	2021	8,543	0.24 mi
South Panama Street	Highland Ave	2014	9,540	0.24 mi
Ann Street	Plum St	2021	19,319	0.26 mi
Ann Street	Brewton St	2020	19,319	0.26 mi
Chestnut Street	Remount PkCemetery	2021	6,133	0.28 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

156 Listings
6798 Views
10 Sold

Calvin Short

Berkeley Capital Advisors

Contact

163 Listings
7146 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

...

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

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT