Burger King

123 Premier Drive, Geneva, AL 36340

$1,117,000

Cap Rate 6.00%

Views: 26 DOM: 36 Updated: 05.06.24 Posted: 04.10.24 Status: Active

Summary

Price $1,117,000	Built/Renov 2018	Tenant Burger King
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,435	Lease Start 10-30-2018	#Units 35
Price/SF $325.18	Expiration 10-31-2038	Tenant Type Fast Food/QSR
NOI $67,000	R. Term 14.5	Ownership Fee Simple
Rent/SF $19.51	Increases 10.0%/4/yrs	Pop 5Mi 6,008
Lot/AC 0.85	Options 0/0yrs	AHHI 5Mi $63,567

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
Strong sales trends | Sales increased ±8.5% in 2023 | 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 Magnolia Avenue, with access to 5,600 vehicles passing by daily. The property occupies a prime position within the main retail corridor, offering convenient proximity to the local Walmart, a Piggly Wiggly-anchored shopping center, Wiregrass Medical Center, Geneva High School, and Sysco Gulf Coast. The 5-mile trade area is supported by a population of...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Strategically located
Strong sales history
Absolute NNN
Long 10+ yr lease
25+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Geneva, Alabama Zip Code 36340 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 :	1,109	4,118	5,965
2023 Total Population :	1,118	4,151	6,008
2023 Employed Civilian Pop :	501	1,717	2,629
2023 Total Businesses :	82	226	258
2023 Average Household Income :	$ 77,225	$ 61,443	$ 63,567
2023 Total Consumer Spending :	$ 32 M	$ 93 M	$ 141 M
2023 Median Age :	50	46	46
2023 Total Households :	462	1,689	2,479
2023 Pop Age 25+: Bachelor's Degree :	121	248	368
2023 Average Home Value :	$ 171,522	$ 159,006	$ 162,251

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
West Magnolia Avenue	N Lincoln St	2021	5,200	0.53 mi
West Maple Avenue	N Woodland St	2020	8,166	0.67 mi
West Maple Avenue	N Whitney St	2021	8,166	0.67 mi
Goat Hill Road	Holt Ct	2021	739	1.07 mi
West Magnolia Avenue	N Johnson St	2019	5,400	1.38 mi
North Forest Avenue	W Maple Ave	2014	8,700	1.39 mi
AL 52	Braircliff Rd	2021	3,898	1.61 mi
State Rte 52	Braircliff Rd	2020	3,898	1.61 mi
Sizemore Highway	S Clark St	2021	5,887	1.81 mi
South Morris Street	E Westville Ave	2014	4,790	1.92 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

156 Listings
6778 Views
10 Sold

Calvin Short

Berkeley Capital Advisors

Contact

163 Listings
7126 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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