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Views: 142 DOM: 236 Updated: 09.05.24 Posted: 04.11.24 Status: Active 09.05.24

Summary

Price $1,453,000
Built/Renov 2014
Tenant Burger King
Cap Rate 5.85%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,108
Lease Start 10-30-2018
#Units 35
Price/SF $467.50
Expiration 10-31-2038
Tenant Type Fast Food/QSR
NOI $85,000
R. Term 13.11
Ownership Fee Simple
Rent/SF $27.35
Increases 10.0%/5/yrs
Pop 5Mi 73,082
Lot/AC 0.69
Options 0/0yrs
AHHI 5Mi $61,083

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
  • Absolute NNN lease | Zero landlord responsibilities
  • Strong sales trends | Sales increased nearly 25% in 2023 | Speak with Agent for details
  • Lease guaranteed by Bulldog Restaurants, LLC (35 units backed)

Location Description

Burger King is strategically located on Allison Bonnett Memorial Dr, with access to 35,800 vehicles passing by daily. The property serves as an outparcel to Bonnett Plaza, a shopping center anchored by Publix and other well-known national tenants such as CVS, AutoZone, and Spectrum. Furthermore, it is conveniently situated within walking distance of River Square Plaza, Piggly Wiggly, the local...

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Maps

  • 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 : 4,154 31,970 72,168
2023 Total Population : 4,243 32,515 73,082
2023 Employed Civilian Pop : 1,911 15,079 31,889
2023 Total Businesses : 274 814 2,008
2023 Average Household Income : $ 66,707 $ 66,388 $ 61,083
2023 Total Consumer Spending : $ 95 M $ 743 M $ 1570 M
2023 Median Age : 45 42 41
2023 Total Households : 1,638 12,826 29,383
2023 Pop Age 25+: Bachelor's Degree : 405 3,467 6,688
2023 Average Home Value : $ 162,391 $ 203,724 $ 196,716
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Allison-Bonnett Memorial Dr Mabelon Ct 2001 19,800 0.08 mi
Forest Road Alaska Dr 2019 6,397 0.21 mi
Forest Road Forest Cir 2020 6,128 0.21 mi
Forest Rd Alaska Dr 2001 7,800 0.24 mi
Allison-Bonnett Memorial Drive Holly St 2019 17,285 0.24 mi
Allison-Bonnett Memorial Drive Clermont Ave 2020 16,238 0.24 mi
Allison-Bonnett Memorial Drive Forest Rd 2019 11,934 0.40 mi
Allison-Bonnett Memorial Drive Vann St 2021 11,211 0.47 mi
Allison-Bonnett Memorial Drive Pleasant Grove Rd 2020 11,211 0.47 mi
Allison-Bonnett Memorial Drive Pleasant Grove Rd 2014 12,590 0.50 mi

Listing Broker

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