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Views: 65 DOM: 104 Updated: 11.21.24 Posted: 09.17.24 Status: Active

Summary

Price $2,870,000
Built/Renov 2023
Tenant Burger King
Cap Rate 6.20%
Lease Type NN+
Guarantor Franchisee
Size/SF 3,153
Lease Start 10-01-2023
#Units 75
Price/SF $910.24
Expiration 10-01-2043
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 40,286
Lot/AC 1.00
Options 4/5yrs/5%
AHHI 5Mi $95,412

Lease Highlights

  • New 2023 construction
  • Burger King has 18+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 5% rental increases throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Lease guaranteed by Consolidated Burger Holdings (75 units backed)

Location Description

Burger King is strategically located at the signalized, hard corner intersection of State Highway 85 and Old Bethel Road, with access to a combined daily traffic count of 37,500 vehicles. The property boasts significant street frontage and multiple points of access. It is adjacent to a newly constructed Publix-anchored shopping center, which is the top-ranked grocer within a 15-mile radius and...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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Listing Broker

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