loader
Join Free
Views: 79 DOM: 75 Updated: 11.11.24 Posted: 10.16.24 Status: Active

Summary

Price $2,091,528
Built/Renov 2012
Tenant Burger King
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,530
Lease Start 02-15-2024
#Units 2
Price/SF $592.50
Expiration 12-31-2037
Tenant Type Fast Food/QSR
NOI $125,491
R. Term 13.0
Ownership Fee Simple
Rent/SF $35.55
Increases 0.0%/1/yrs
Pop 5Mi 30,649
Lot/AC 0.72
Options 4/5yrs
AHHI 5Mi $90,866

Lease Highlights

  • Burger King has 12 years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features annual gross sales percentage increases
  • Absolute NNN lease | Zero landlord responsibilities
  • Strong dual personal guarantees

Location Description

Burger King is strategically located at the signalized, hard corner intersection of 6th Ave SE and South Dakota Street, with access to a combined daily traffic count of 24,777 vehicles. The property is positioned in one of the area’s main commercial corridors, offering high visibility and accessibility. It is conveniently situated near key economic drivers, including Northern State University,...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Burger King
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:2
  • 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, chicken sandwiches, breakfast sandwiches,...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity