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Burger King

1800 East Main Street, Alice, TX 78332

$1,916,153

Cap Rate 6.50%

Views: 88 DOM: 217 Updated: 03.22.24 Posted: 10.13.23 Status: Active

Summary

Price $1,916,153
Built/Renov 2012
Tenant Burger King
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,778
Lease Start 08-01-2013
#Units 53
Price/SF $507.19
Expiration 07-31-2032
Tenant Type Fast Food/QSR
NOI $124,550
R. Term 8.2
Ownership Fee Simple
Rent/SF $32.97
Increases 1.3%/1/yrs
Pop 5Mi 21,813
Lot/AC 0.94
Options 4/5yrs/1.25%
AHHI 5Mi $60,550

Ronnie Issenberg
Marcus & Millichap
Contact

Gabriel Britti
Marcus & Millichap
Contact

Lease Highlights

  • Burger King has over 8 years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 1.25% annual rent increases
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Shonaz, Inc. (53 units)

Location Description

Burger King is situated at the signalized, hard corner intersection of E. Main Street and Coyote Trail, which has a combined traffic count of 20,116 vehicles. This location is directly across the street from a recently built Starbucks and in close proximity to various national retailers, including Harbor Freight, Dollar General, First Community Bank, O'Reilly Auto Parts, Circle K among...

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Key Features

  • Signalized intersection

  • Hard corner intersection

  • Major thoroughfare

  • Near major nationals

  • Major MSA

  • Income tax free state

  • Absolute NNN

  • Annual rent increases

  • Traded and rated company

  • Personal guarantee

    • ...

Links

Burger King Wikipedia Burger King Wikipeida Alice, Texas Zip Code 78332 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Burger King
  • Guarantor:Franchisee
  • Company:Shonaz, Inc.
  • # Units:53
  • Tenant S&P: BB
  • Moody’s: B1
  • Stock: NYSE: QSR

About Tenant

Burger King is an American-based multinational chain of hamburger fast food restaurants, and the second largest fast food hamburger chain in the world. The Burger King menu features their...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,859 18,508 20,416
2023 Total Population : 4,903 18,857 20,809
2023 Employed Civilian Pop : 2,089 7,386 8,071
2023 Total Businesses : 301 862 933
2023 Average Household Income : $ 89,743 $ 67,776 $ 67,326
2023 Total Consumer Spending : $ 138 M $ 414 M $ 453 M
2023 Median Age : 36 35 35
2023 Total Households : 1,780 6,862 7,568
2023 Pop Age 25+: Bachelor's Degree : 595 1,560 1,671
2023 Average Home Value : $ 161,450 $ 112,828 $ 117,127
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Main Street N Texas Blvd 2021 20,116 0.17 mi
East Main Street Triangle Dr N 2020 18,800 0.17 mi
E Main St Mariposa 2002 19,800 0.24 mi
Farm to Market Road 1931 FM 665 2021 7,975 0.25 mi
Farm to Market Road 1931 S Flournoy Rd 2020 7,861 0.25 mi
Agarito Ave 2021 999 0.42 mi
East Front Street S Almond St 2021 16,855 1.26 mi
East Front Street Presnall St 2020 15,428 1.26 mi
South Cameron Street S Cameron St 2021 6,031 1.34 mi
State Hwy 44 Hwy 44 E 2002 11,700 1.53 mi

Listing Broker

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