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Views: 84 DOM: 70 Updated: 08.28.24 Posted: 07.08.24 Status: Active

Summary

Price $2,560,700
Built/Renov 2023
Tenant Hwy 55 Burgers Shakes & Fries
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,400
Lease Start 10-21-2021
#Units 135
Price/SF $753.15
Expiration 10-31-2041
Tenant Type Fast Casual/Rest.
NOI $179,249
R. Term 17.1
Ownership Fee Simple
Rent/SF $52.72
Increases 10.0%/2/yrs
Pop 5Mi 33,322
Lot/AC 1.53
Options 2/10yrs/10%
AHHI 5Mi $78,584

Lease Highlights

  • New 2023 construction
  • Hwy 55 Burgers Shakes & Fries has 17+ years remaining on the current lease term with 2 (10-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Hwy 55 Burgers Shakes & Fries is strategically located on Harrison Avenue, with access to 22,000 vehicles passing by daily. The property is in close proximity to a 17-acre development site planned for retail complexes. Additionally, the immediate area boasts well-known national tenants, including Walmart, Petco, Aaron's, Mattress Firm, Dollar Tree, and more. The 5-mile trade area is supported...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Hwy 55 Burgers Shakes & Fries is a retro-themed, American restaurant franchise specializing in classic comfort foods like fresh, never frozen burgers, hot dogs, and shakes. The chain offers...


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Listing Broker

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