Burger King

1003 Highway 80, Demopolis, AL 36732

$1,360,000

Cap Rate 6.62%

Views: 23 DOM: 36 Updated: 05.06.24 Posted: 04.10.24 Status: Active

Summary

Price $1,360,000	Built/Renov 2014	Tenant Burger King
Cap Rate 6.62%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,702	Lease Start 10-30-2018	#Units 35
Price/SF $367.37	Expiration 10-31-2038	Tenant Type Fast Food/QSR
NOI $90,000	R. Term 14.5	Ownership Fee Simple
Rent/SF $24.31	Increases 10.0%/4/yrs	Pop 5Mi 7,979
Lot/AC 1.50	Options 0/0yrs	AHHI 5Mi $65,428

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
Tenant will receive a 30-day rent abatement for remodeling the site in 2026 or later | 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 Highway 80, with access to 33,030 vehicles passing by daily. The property is conveniently situated within walking distance of Whitfield Regional Hospital. Additionally, it is approximately 1.5 miles from Demopolis High School and a Walmart Supercenter-anchored shopping center featuring well-known national tenants such as Dollar Tree, CVS Pharmacy, Sonic,...

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Key Features

Recent renovation
Dense retail corridor
Near major nationals
Strategically located
Highway location
Hospital close
Strong sales history
Absolute NNN
Long 10+ yr lease
25+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Demopolis, Alabama Zip Code 36732 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 :	2,675	6,880	7,730
2023 Total Population :	2,797	7,120	7,986
2023 Employed Civilian Pop :	1,078	3,004	3,353
2023 Total Businesses :	174	461	480
2023 Average Household Income :	$ 39,848	$ 65,431	$ 65,422
2023 Total Consumer Spending :	$ 41 M	$ 172 M	$ 194 M
2023 Median Age :	36	40	40
2023 Total Households :	1,176	2,986	3,370
2023 Pop Age 25+: Bachelor's Degree :	254	823	875
2023 Average Home Value :	$ 153,111	$ 192,824	$ 184,983

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
East Pettus Street	Bailey Dr	2019	3,770	0.18 mi
East Pettus Street	S Cherry Ave	2021	3,526	0.18 mi
US 43;US 80	Sam Ave	2021	15,828	0.43 mi
US Hwy 80	Cedar Crest Dr	2019	17,370	0.43 mi
Arcola Street		2014	3,770	0.46 mi
Demopolis and Jefferson Road	Demopolis A Jefferson Rd	2018	3,832	0.47 mi
South Cedar Avenue	E Boundary St	2021	5,422	0.62 mi
		2014	10,390	0.67 mi
Lincoln Ave	Hwy 80	2020	8,590	0.68 mi
US 80	Napolean Dr	2021	8,590	0.68 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

156 Listings
6771 Views
10 Sold

Calvin Short

Berkeley Capital Advisors

Contact

163 Listings
7119 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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