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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 18.9
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...

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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...


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Listing Broker

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