Burger King

N96w 17655 County Line Road, Germantown, WI 53022

$1,900,000

Cap Rate 6.30%

Views: 30 DOM: 71 Updated: 05.05.24 Posted: 03.07.24 Status: Contract

Summary

Price $1,900,000	Built/Renov 1986/2019	Tenant Burger King
Cap Rate 6.30%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,707	Lease Start 12-01-1998	#Units 180
Price/SF $512.54	Expiration 12-31-2038	Tenant Type Fast Food/QSR
NOI $119,692	R. Term 14.7	Ownership Fee Simple
Rent/SF $32.29	Increases 0.0%/0/yrs	Pop 5Mi 64,791
Lot/AC 1.06	Options 2/5yrs	AHHI 5Mi $115,418

Lease Highlights

Burger King has been operating in this location since 1998
The tenant has 14+ years remaining on the current lease term with 2 (5-year) options to extend
Tenant is to pay an 8.50% rent override on sales above $1,408,136
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by Cave Enterprises, LLC (180 units backed)

Location Description

Burger King is strategically located at the signalized, hard corner intersection of County Line Road & Rivercrest Drive, with access to a combined daily traffic count of 58,000 vehicles. The property occupies a prime location within an ideal retail corridor, within walking distance of well-known national retailers such as Costco, Walmart Supercenter, Target, Home Depot, and more. Additionally,...

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Key Features

Signalized intersection
In location for years
High traffic 50M+ VPD
Dense retail corridor
Freeway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ yr lease
100+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Germantown, Wisconsin Zip Code 53022 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:Cave Enterprises, LLC
# Units:180
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 :	5,863	37,137	65,324
2023 Total Population :	5,890	36,958	64,791
2023 Employed Civilian Pop :	3,207	19,849	34,072
2023 Total Businesses :	290	1,616	2,624
2023 Average Household Income :	$ 102,784	$ 107,594	$ 115,418
2023 Total Consumer Spending :	$ 233 M	$ 1498 M	$ 2725 M
2023 Median Age :	45	45	44
2023 Total Households :	2,641	16,268	27,626
2023 Pop Age 25+: Bachelor's Degree :	1,488	8,715	14,899
2023 Average Home Value :	$ 305,886	$ 325,757	$ 354,066

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
County Line Rd	Rivercrest Dr	2018	32,100	0.09 mi
County Line Rd	Emmer Rd	2016	32,400	0.20 mi
River Crest Dr	Shady Ln	2015	10,300	0.21 mi
County Line Road	Richfield Way	2019	31,700	0.21 mi
	Emmer Rd	2019	5,700	0.22 mi
County Line Rd	Emmer Rd	2016	4,800	0.23 mi
Appleton Ave	Premier Ln	2018	14,200	0.26 mi
County Line Rd	Shady Ln	2018	22,500	0.28 mi
		2019	5,500	0.36 mi
Water St	Co Rd Q	2019	8,000	0.37 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

163 Listings
7130 Views
11 Sold

Aron Cline

Berkeley Capital Advisors

Contact

156 Listings
6782 Views
10 Sold

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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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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