Burger King

6003 U.S. 51 Business, Weston, WI 54476

$940,000

Cap Rate 6.15%

Views: 42 DOM: 70 Updated: 05.06.24 Posted: 03.07.24 Status: Contract

Summary

Price $940,000	Built/Renov 1987	Tenant Burger King
Cap Rate 6.15%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 4,648	Lease Start 02-16-1999	#Units 180
Price/SF $202.24	Expiration 02-16-2039	Tenant Type Fast Food/QSR
NOI $57,820	R. Term 14.9	Ownership Fee Simple
Rent/SF $12.44	Increases 0.0%/0/yrs	Pop 5Mi 60,650
Lot/AC 0.95	Options 2/5yrs	AHHI 5Mi $92,665

Lease Highlights

Burger King has been operating in this location since 1999
The tenant has 14+ years remaining on the current lease term with 2 (5-year) options to extend
Per the lease, the Tenant is to pay an 8.50% rent override on sales above $1,200,000
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 Grand Ave/Business Hwy 51 and Jelinek Avenue, with access to a combined daily traffic count of 41,650 vehicles. The property is conveniently located directly across the street from DC Everest Junior High School and within walking distance to DC Everest Senior High School, with Highway 29/WWI Veterans Memorial...

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Key Features

Signalized intersection
Hard corner intersection
In location for years
Near major nationals
Strategically located
Highway close
Affluent suburb location
Absolute NNN
Long 10+ yr lease
100+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Schofield, Wisconsin Zip Code 54476 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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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Jelinek Ave	Machmueller St	2019	6,600	0.05 mi
State Hwy 51	Jelinek Ave	2019	18,700	0.09 mi
State Hwy 51	Keck Ave	2016	18,600	0.10 mi
East Kort Street	Alice St	2019	1,500	0.25 mi
Business US-51	Neupert Ave	2019	15,600	0.29 mi
East Grand Avenue	Ellen St	2019	18,400	0.34 mi
E Grand Ave	Ellen St	2007	20,000	0.35 mi
West Grand Avenue	E Kort St	2019	4,400	0.36 mi
		2019	8,600	0.48 mi
State Hwy 29	Volkman St	2019	1,600	0.48 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

156 Listings
6763 Views
10 Sold

Calvin Short

Berkeley Capital Advisors

Contact

163 Listings
7111 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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