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Views: 158 DOM: 210 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 18.5
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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  • 1 Mile
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  • 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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William Wamble

SRS National Net Lease Group

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  • 186 Listings
  • 35072 Views
  • 65 Sold
Patrick Nutt

SRS National Net Lease Group

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  • 262 Listings
  • 44203 Views
  • 113 Sold

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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