Burger King

3190 Taylor Road, Montgomery, AL 36116

$2,051,000

Cap Rate 5.85%

Views: 22 DOM: 36 Updated: 05.06.24 Posted: 04.10.24 Status: Active

Summary

Price $2,051,000	Built/Renov 2015	Tenant Burger King
Cap Rate 5.85%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 4,122	Lease Start 10-30-2018	#Units 35
Price/SF $497.57	Expiration 10-31-2038	Tenant Type Fast Food/QSR
NOI $120,000	R. Term 14.5	Ownership Fee Simple
Rent/SF $29.11	Increases 10.0%/4/yrs	Pop 5Mi 111,260
Lot/AC 1.54	Options 0/0yrs	AHHI 5Mi $86,442

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 have increased each of the last 2 years, including a ±6.5% increase 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 strategically located on Taylor Road, with access to 34,830 vehicles passing by daily. The property serves as an outparcel to Cornerstone, a Publix-anchored shopping center hosting other well-known national tenants such as Wells Fargo, Walgreens, Planet Fitness, Starbucks, PNC Bank, and more. Additionally, the site is conveniently positioned in close proximity to Sturbridge, a...

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Key Features

Signalized intersection
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Strong demographics
Major MSA
Store sales reported
Absolute NNN
Long 10+ yr lease
25+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Montgomery, Alabama Zip Code 36116 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 :	7,953	48,445	110,432
2023 Total Population :	8,033	48,264	111,260
2023 Employed Civilian Pop :	4,529	24,424	53,329
2023 Total Businesses :	497	1,871	4,045
2023 Average Household Income :	$ 100,072	$ 97,604	$ 86,442
2023 Total Consumer Spending :	$ 331 M	$ 1794 M	$ 3549 M
2023 Median Age :	39	37	37
2023 Total Households :	3,888	21,431	47,509
2023 Pop Age 25+: Bachelor's Degree :	1,859	9,960	18,782
2023 Average Home Value :	$ 264,469	$ 268,330	$ 231,822

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Taylor Rd	Averiett Dr	2002	16,010	0.28 mi
Taylor Rd	Chappelle Ln	2002	33,620	0.41 mi
Vaughn Road	Ray Thorington Rd	2021	27,168	0.48 mi
Vaughn Road	Laurelwood Ln	2020	27,168	0.48 mi
Vaughn Road	Seaton Blvd	2020	24,152	0.56 mi
Taylor Road	Vaughn Rd	2020	21,443	0.62 mi
Taylor Rd	Taylor Cir	2009	40,940	0.92 mi
Bell Road	Watchman Dr	2021	16,047	0.98 mi
Bell Road	Vaughn Rd	2020	16,047	0.98 mi
Taylor Road	Prairie Ln	2019	43,762	1.03 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

156 Listings
6766 Views
10 Sold

Calvin Short

Berkeley Capital Advisors

Contact

163 Listings
7114 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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