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Views: 133 DOM: 226 Updated: 09.05.24 Posted: 05.09.24 Status: Active 09.05.24

Summary

Price $3,000,000
Built/Renov 2011/2019
Tenant Burger King
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,057
Lease Start 10-30-2018
#Units 35
Price/SF $981.35
Expiration 10-31-2038
Tenant Type Fast Food/QSR
NOI $180,000
R. Term 13.10
Ownership Fee Simple
Rent/SF $58.88
Increases 10.0%/4/yrs
Pop 5Mi 127,519
Lot/AC 0.58
Options 0/0yrs
AHHI 5Mi $66,148

Lease Highlights

  • Burger King has 14+ years remaining on the current lease term with no options to extend
  • The lease features 10% rental escalations throughout the initial term 
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Bulldog Restaurants, LLC | Subsidiary of Starboard Group

Location Description

Burger King is strategically located on E South Boulevard, with access to a robust daily traffic count of 87,380 vehicles. The property serves as an outparcel to Capitol Plaza, which is anchored by Capitol International Market. It is within walking distance to Baptist Medical Center South and Governor's Square shopping center, anchored by Planet Fitness and Hibbett Sports, as well as Johnson...

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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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,079 64,427 125,512
2023 Total Population : 7,199 65,699 127,519
2023 Employed Civilian Pop : 2,655 27,972 54,763
2023 Total Businesses : 240 1,918 5,295
2023 Average Household Income : $ 68,627 $ 69,387 $ 66,148
2023 Total Consumer Spending : $ 176 M $ 1625 M $ 3103 M
2023 Median Age : 40 35 36
2023 Total Households : 2,923 26,812 53,578
2023 Pop Age 25+: Bachelor's Degree : 862 7,663 15,831
2023 Average Home Value : $ 179,360 $ 184,929 $ 179,045
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East South Boulevard St Helena Ave 2021 33,364 0.08 mi
Woodley Rd Elsmeade Dr 2018 17,943 0.21 mi
Woodley Road Woodley Rd 2020 16,602 0.23 mi
Woodley Road Cloverdale Rd 2021 16,602 0.23 mi
Fisk Rd Woodley Rd 2005 7,120 0.24 mi
Woodley Rd Fairmont Rd 2018 5,902 0.27 mi
East South Boulevard E Woodland Dr 2021 35,948 0.27 mi
West Blvd Woodley Rd 2009 41,550 0.27 mi
Woodley Road Allendale Rd 2021 5,534 0.27 mi
Woodley Road Jim Wilson Loop E 2020 5,534 0.27 mi

Listing Broker

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