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Views: 127 DOM: 227 Updated: 09.05.24 Posted: 04.10.24 Status: Active 09.05.24

Summary

Price $1,250,000
Built/Renov 2017
Tenant Burger King
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 6,453
Lease Start 10-30-2018
#Units 35
Price/SF $193.71
Expiration 10-31-2038
Tenant Type Fast Food/QSR
NOI $75,000
R. Term 13.11
Ownership Fee Simple
Rent/SF $11.62
Increases 10.0%/4/yrs
Pop 5Mi 57,736
Lot/AC 0.94
Options 0/0yrs
AHHI 5Mi $58,843

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 37.55% in 2023 | Speak with agent for details
  • Lease guaranteed by Bulldog Restaurants, LLC (35 units backed)

Location Description

Burger King is strategically located on Forestdale Blvd., with access to 31,750 vehicles passing by daily. The site boasts proximity to Village Hills, a shopping center anchored by Piggly Wiggly, Ollie’s Bargain Outlet, Family Dollar, American Freight Furniture, and more. Moreover, within a 2-mile radius of the site lies Minor High School and a local Walmart Supercenter. The 5-mile trade area...

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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 : 4,298 18,762 56,898
2023 Total Population : 4,405 19,011 57,736
2023 Employed Civilian Pop : 2,010 8,643 23,083
2023 Total Businesses : 182 420 1,516
2023 Average Household Income : $ 70,258 $ 72,622 $ 58,843
2023 Total Consumer Spending : $ 112 M $ 490 M $ 1249 M
2023 Median Age : 44 44 41
2023 Total Households : 1,851 7,764 24,197
2023 Pop Age 25+: Bachelor's Degree : 474 2,344 5,222
2023 Average Home Value : $ 188,723 $ 185,270 $ 169,220
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Forestdale Boulevard Beauty Cir 2018 22,059 0.08 mi
Echo Terrace Heflin Ave E 2014 5,950 0.34 mi
Heflin Avenue East Echo Dr 2018 5,558 0.36 mi
Heflin Avenue East Heflin Ave W 2021 5,317 0.36 mi
Riderwood Trail Heflin Way 2021 1,066 0.64 mi
Riderwood Trail Heflin Way 2020 1,066 0.64 mi
Heflin Avenue East Cagle Rd 2014 5,420 0.72 mi
Heflin Avenue East Cagle Rd 2021 4,044 0.72 mi
Heflin Avenue East E Bayonne Dr 2018 4,265 0.79 mi
Pratt Highway Oak Ridge Dr 2018 1,183 0.81 mi

Listing Broker

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