Burger King

819 Ann Street, Montgomery, AL 36107

$1,717,000

Cap Rate 6.00%

Views: 141 DOM: 225 Updated: 09.05.24 Posted: 04.10.24 Status: Active 09.05.24

Summary

Price $1,717,000	Built/Renov 2013	Tenant Burger King
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,325	Lease Start 10-30-2018	#Units 35
Price/SF $516.39	Expiration 10-31-2038	Tenant Type Fast Food/QSR
NOI $103,000	R. Term 13.11	Ownership Fee Simple
Rent/SF $30.98	Increases 10.0%/4/yrs	Pop 5Mi 142,524
Lot/AC 0.65	Options 0/0yrs	AHHI 5Mi $64,543

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 2027 or later | Speak with Agent for details
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by Bulldog Restaurants, LLC (35 units backed)

Location Description

Burger King is strategically located on Ann Street, with access to 47,840 vehicles passing by daily. The property is an outparcel to Midtown Plaza, a Walmart Supercenter-anchored shopping center housing other well-known national tenants such as Ross, Shoe Carnival, Chick-fil-A, Dollar Tree, O’Reilly Auto Parts, and more. Additionally, the site is conveniently within walking distance of I-85...

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Key Features

Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Strategically located
Freeway close
Dense 100M+ pop 5 mi
Major MSA
Absolute NNN
Long 10+ yr lease
25+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Montgomery, Alabama Zip Code 36107 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 :	9,727	68,294	140,036
2023 Total Population :	9,985	69,501	142,524
2023 Employed Civilian Pop :	4,415	29,593	60,724
2023 Total Businesses :	594	3,785	6,411
2023 Average Household Income :	$ 55,750	$ 74,572	$ 64,543
2023 Total Consumer Spending :	$ 209 M	$ 1855 M	$ 3367 M
2023 Median Age :	36	38	36
2023 Total Households :	4,276	28,538	59,518
2023 Pop Age 25+: Bachelor's Degree :	1,312	9,223	16,376
2023 Average Home Value :	$ 140,227	$ 195,032	$ 169,822

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Highland Avenue	Dewanee Ct	2021	2,461	0.16 mi
Highland Ave	Longview St	2007	11,320	0.16 mi
Ann St	Poplar St	2018	28,402	0.17 mi
Ann Street	Plum St	2020	24,891	0.18 mi
Ann Street	Thrasher St	2021	24,891	0.18 mi
Highland Avenue	S Panama St	2021	8,543	0.24 mi
South Panama Street	Highland Ave	2014	9,540	0.24 mi
Ann Street	Plum St	2021	19,319	0.26 mi
Ann Street	Brewton St	2020	19,319	0.26 mi
Chestnut Street	Remount PkCemetery	2021	6,133	0.28 mi

Listing Broker

Gary Chou

Berkeley Capital Advisors

Contact

34 Listings
5512 Views
0 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
27490 Views
21 Sold

Gary Chou

With nearly a decade of experience in commercial real estate sales, Gary Chou leads Berkeley Capital Advisors’ West Coast office with a focus on Single Tenant Net Lease, Net Lease Portfolios, and Corporate Sale Leasebacks. Having brokered over 1,300 transactions totaling $3.5 billion, he and his team are highly regarded as one of the most active brokerage teams in the country and serve some of the world’s largest corporate companies, public and private REITs, private equity funds, developers, f

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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

Berkeley Capital Advisors

Contact

187 Listings
28498 Views
23 Sold

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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