Burger King

5812 West Lisbon Avenue, Milwaukee, WI 53210

$1,236,000

Cap Rate 6.00%

Views: 78 DOM: 423 Updated: 04.11.24 Posted: 03.20.23 Status: Active

Summary

Price $1,236,000	Built/Renov 1984	Tenant Burger King
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,318	Lease Start 12-06-2019	#Units 181
Price/SF $533.22	Expiration 03-31-2026	Tenant Type Fast Food/QSR
NOI $74,176	R. Term 1.10	Ownership Fee Simple
Rent/SF $32.00	Increases 1.5%/1/yrs	Pop 5Mi 490,859
Lot/AC 0.86	Options 4/5yrs/1.5%	AHHI 5Mi $72,339

Lease Highlights

Burger King has been operating in this location since 2019
The tenant has 3 years remaining on its current lease with with 4 (5-year) options to extend
Lease features favorable 1.5% annual rent increases
Absolute NNN with zero landlord responsibilities
Guarantee by Cave Enterprises, a strong Burger King franchisee with 181 locations

Location Description

Burger King is located on the corner of West Lisbon Ave and West Appleton Avenue (61,100 VPD) providing excellent visibility via street sign frontage and multiple points of access providing ease and convenience for customers. The site is strategically located within a primary retail corridor with other nearby national/credit tenants including CVS, Wendy’s, Family Dollar, Advance Auto Parts,...

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Key Features

High traffic 50M+ VPD
Strategically located
Highway location
Strong tenant synergy
Dense 200M+ pop 5 mi
Top 100 MSA
Strong demographics
Absolute NNN
Annual rent increases
100+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Milwaukee, Wisconsin Zip Code 53210 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:Cave Enterprises
# Units:181
Tenant S&P: BBB
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 :	30,180	195,012	489,844
2023 Total Population :	30,723	196,967	488,598
2023 Employed Civilian Pop :	14,632	85,903	221,414
2023 Total Businesses :	725	5,174	17,848
2023 Average Household Income :	$ 87,737	$ 75,759	$ 74,900
2023 Total Consumer Spending :	$ 984 M	$ 5356 M	$ 13529 M
2023 Median Age :	34	34	33
2023 Total Households :	12,874	80,789	206,286
2023 Pop Age 25+: Bachelor's Degree :	5,094	24,874	63,020
2023 Average Home Value :	$ 254,392	$ 227,026	$ 233,599

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Lisbon Ave	N 59th St	2016	11,100	0.03 mi
W Appleton Ave	N 57th St	2019	18,400	0.03 mi
W Center St	N 59th St	2019	6,600	0.06 mi
West Lisbon Avenue	N 59th St	2019	11,600	0.07 mi
West Appleton Avenue	N 58th St	2019	21,600	0.10 mi
W Center St	N 56th St	2019	10,800	0.10 mi
N 60th St	W Clarke St	2004	10,400	0.11 mi
W Appleton Ave	N 59th St	2016	22,300	0.14 mi
W Center St	N 61st St	2019	7,100	0.14 mi
West Appleton Avenue	N 56th St	2019	27,500	0.14 mi

Listing Broker

Britt Raymond

SRS National Net Lease Group

Contact

90 Listings
3883 Views
26 Sold

Kyle Fant

SRS National Net Lease Group

Contact

82 Listings
3694 Views
23 Sold

Britt Raymond

Britt Raymond is a Managing Director and Market Leader of New York Capital Market. Britt spearheads efforts to grow SRS’s presence across the northeast. She also advises owners of net lease assets and anchored shopping centers nationwide to buy, acquire, or finance. She also provides 1031 Tax Deferred Exchange advisory. She has closed over $2.75 billion in commercial real estate transactions in her career. Britt Raymond joined SRS in 2017 with eight years of commercial real estate experience. S

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Kyle Fant

Kyle joined SRS in 2017 along with his partner Britt Raymond to spearhead the New York City office for the National Net Lease Group and accelerate growth across the east coast. Kyle has over eight years of experience in investment sales of net lease retail, medical, and industrial properties across the country. Kyle spent the first three years of his career in Marcus & Millichap’s flagship Manhattan office where he was able to work and learn from some of the firm’s top transactional brokera

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