loader
Join Free
Views: 183 Updated: 12.13.24 Posted: 03.12.24 Status: Inactive 12.13.24

Summary

Price $895,000
Built/Renov 1999
Tenant Burger King (Dark)
Cap Rate 12.07%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,312
Lease Start 08-06-1999
#Units 19,384
Price/SF $270.23
Expiration 11-30-2024
Tenant Type Fast Food/QSR
NOI $108,000
R. Term 0.0
Ownership Fee Simple
Rent/SF $32.61
Increases 0.0%/0/yrs
Pop 5Mi 261,931
Lot/AC 0.78
Options 0/0yrs
AHHI 5Mi $72,004

Lease Highlights

  • Burger King (Dark) has 7+ months remaining on the current lease term
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Burger King is strategically located at the signalized, hard corner intersection of N Illinois Street and 38th Street, with access to a combined daily traffic count of 45,636 vehicles. The property is located in a dense retail corridor, including McDonald’s, Family Dollar, Subway, Tide Cleaners, Dollar General, BP Gas Station, and more. The property is situated just over 4 miles away from...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 15,816 96,157 277,692
2023 Total Population : 15,716 94,726 273,953
2023 Employed Civilian Pop : 8,387 49,807 140,567
2023 Total Businesses : 438 3,512 11,707
2023 Average Household Income : $ 89,307 $ 95,348 $ 88,007
2023 Total Consumer Spending : $ 546 M $ 3431 M $ 9035 M
2023 Median Age : 38 36 36
2023 Total Households : 6,966 41,114 117,276
2023 Pop Age 25+: Bachelor's Degree : 2,735 17,734 44,922
2023 Average Home Value : $ 316,619 $ 300,079 $ 254,695
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W 38th St N Kenwood Ave 2015 37,657 0.10 mi
W 38th St Salem St 2015 37,657 0.12 mi
North Meridian Street 2019 14,891 0.14 mi
North Meridian Street W 38th St 2021 13,991 0.14 mi
N Illinois St W 39th St 2009 9,695 0.23 mi
Boulevard Pl W 38th St 2014 3,225 0.24 mi
West 38th Street W 38th St 2021 5,424 0.25 mi
Boulevard Place Harvard Pl 2021 5,424 0.28 mi
E 38th St N Delaware St 2013 28,096 0.31 mi
Boulevard Pl W 40th St 2017 3,336 0.35 mi

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