Burger King

10396 South River Heights Drive, South Jordan, UT 84095

$3,200,000

Cap Rate 4.95%

Views: 46 DOM: 101 Updated: 11.11.24 Posted: 08.12.24 Status: Active

Summary

Price $3,200,000	Built/Renov 2015	Tenant Burger King
Cap Rate 4.95%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,860	Lease Start 11-01-2020	#Units 1
Price/SF $829.02	Expiration 02-19-2035	Tenant Type Fast Food/QSR
NOI $158,400	R. Term 10.3	Ownership Fee Simple
Rent/SF $41.04	Increases 10.0%/5/yrs	Pop 5Mi 290,446
Lot/AC 0.72	Options 4/5yrs/10%	AHHI 5Mi $132,679

Lease Highlights

Burger King has 10+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Franchisee guaranteed lease

Location Description

Burger King is strategically located at the signalized, hard-corner intersection of S Jordan Parkway and River Heights Drive, with access to a combined daily traffic count of 41,543 vehicles. The property is an outparcel to Walmart Supercenter and is surrounded by other well-known national tenants including Costco Wholesale, UPS, Jersey Mike's, Culver's, and more. The 5-mile trade area...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
WalMart out-parcel
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
Personal guarantee

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Links

Burger King Wikipedia Burger King Wikipedia South Jordan, Utah Zip Code 84095 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:Franchisee
# Units:1
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, chicken sandwiches, breakfast sandwiches,...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	14,957	123,134	308,682
2024 Total Population :	14,753	121,978	296,488
2024 Employed Civilian Pop :	8,060	65,234	164,110
2024 Total Businesses :	237	2,545	7,951
2024 Average Household Income :	$ 177,507	$ 160,179	$ 140,332
2024 Total Consumer Spending :	$ 646 M	$ 5145 M	$ 11423 M
2024 Median Age :	34	34	33
2024 Total Households :	4,263	37,345	94,004
2024 Pop Age 25+: Bachelor's Degree :	2,857	21,083	47,810
2024 Average Home Value :	$ 674,919	$ 664,693	$ 638,882

*ESRI data is presented for informational purposes only

Listing Broker

Maxwell Watson

Sands Investment Group

Contact

8 Listings
609 Views
1 Sold

Matt Montagne

Sands Investment Group

Contact

8 Listings
670 Views
1 Sold

Maxwell Watson

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Matt Montagne

I currently work at SANDS Investment Group as a Net Lease Advisor in Commercial Real Estate with more than 4 years specializing in sale leasebacks, convenience stores, gas stations, car washes, automotive shops, and QSR's. Please message me if you are interested in selling or buying commercial real estate, or know of anyone who needs assistance.

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Tyler Ellinger

Sands Investment Group

Contact

9 Listings
731 Views
1 Sold

Tyler Ellinger

I am a net lease advisor at Sands Investment Group, where I specialize in single tenant net leased properties, and travel center business and real estate transaction, c-store business and real estate transactions, and car wash properties. I have over 11 years of experience in the commercial real estate industry, and I am a former certified public accountant with a master's degree in business administration. My mission is to provide my clients with the best service, market knowledge, and fina

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