loader
Join Free
Views: 103 Updated: 05.21.24 Posted: 09.28.23 Status: Inactive

Summary

Price $3,558,000
Built/Renov 2023
Tenant Burger King
Cap Rate 5.00%
Lease Type NN+
Guarantor Franchisee
Size/SF 3,153
Lease Start 10-01-2023
#Units 75
Price/SF $1,128.45
Expiration 09-30-2043
Tenant Type Fast Food/QSR
NOI $177,924
R. Term 18.10
Ownership Fee Simple
Rent/SF $56.43
Increases 5.0%/5/yrs
Pop 5Mi 40,113
Lot/AC 1.00
Options 4/5yrs/5%
AHHI 5Mi $90,005

Lease Highlights

  • Brand new 2023 construction
  • Burger King recently signed a brand-new 20-year lease with 4 (5-year) options to extend
  • Lease features 5% rental increases eery 5 years throughout the initial term and at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Lease guaranteed by Consolidated Burger Holdings (75 units backed)

Location Description

This newly constructed 3,153 square foot Burger King is strategically located at the signalized, hard corner intersection of Highway 85 North and Old Bethel Road with access to 31,000 vehicles per day. The asset benefits from significant street frontage and multiple points of access, providing ease and convenience for customers. The property is located on the same intersection as a new...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Burger King
  • Guarantor:Franchisee
  • Company:Consolidated Burger Holdings
  • # Units:75
  • Tenant S&P: BB
  • Moody’s: B1
  • Stock: NYSE: QSR

About Tenant

Burger King is an American-based multinational chain of hamburger fast food restaurants, and the second largest fast food hamburger chain in the world. The Burger King menu features their...


...

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