Burger King

1016 Mineral Wells Avenue, Paris, TN 38242

$1,950,000

Cap Rate 5.05%

Views: 127 DOM: 192 Updated: 10.31.24 Posted: 05.13.24 Status: Active

Summary

Price $1,950,000	Built/Renov 2008	Tenant Burger King
Cap Rate 5.05%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,579	Lease Start 01-06-2016	#Units 42
Price/SF $756.11	Expiration 12-31-2035	Tenant Type Fast Food/QSR
NOI $98,413	R. Term 11.1	Ownership Fee Simple
Rent/SF $38.16	Increases 10.0%/5/yrs	Pop 5Mi 16,782
Lot/AC 1.10	Options 2/5yrs/10%	AHHI 5Mi $50,660

Andrew Greenberg

HMX Realty Advisors

Contact

Lease Highlights

Burger King has 11+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 10% rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by Tennessee Quality, LLC (42 units backed)

Location Description

Burger King is strategically located on Mineral Wells Avenue, the primary commercial corridor, with access to 21,170 vehicles passing by daily. The property is in close proximity to Henry County’s Regional Medical Campus and surrounded by several K-12 schools with a total of 4,484 students. Additionally, it is just west of Paris Landing State Park, which attracts over 1.5 million visitors...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Hospital close
Strong tenant synergy
Highway close
Income tax free state
Absolute NNN
Long 10+ yr lease
25+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Paris, Tennessee Zip Code 38242 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:Tennessee Quality, LLC
# Units:42
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, in addition to chicken sandwiches, breakfast...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	3,384	12,478	16,430
2024 Total Population :	3,402	12,501	16,487
2024 Employed Civilian Pop :	1,149	4,928	6,679
2024 Total Businesses :	330	756	858
2024 Average Household Income :	$ 62,131	$ 63,420	$ 68,453
2024 Total Consumer Spending :	$ 79 M	$ 305 M	$ 431 M
2024 Median Age :	47	43	44
2024 Total Households :	1,423	5,329	6,983
2024 Pop Age 25+: Bachelor's Degree :	417	1,274	1,717
2024 Average Home Value :	$ 271,364	$ 267,248	$ 283,395

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Mineral Wells Avenue	Jim Adams Dr	2022	17,668	0.23 mi
US 641	Jim Adams Dr	2021	17,615	0.23 mi
Jim Adams Drive	Commerce St	2022	4,451	0.39 mi
US 79	E Dale St	2021	8,574	0.39 mi
Tyson Avenue	E Dale St	2022	8,600	0.39 mi
VETERANS DR.	Hwy 641	2020	13,083	0.45 mi
US 641	Hwy 641	2021	11,450	0.47 mi
Veterans Drive	Lydia St	2022	12,820	0.47 mi
Joy Street	S Lake St	2022	316	0.48 mi
Hospital Circle	Lynn St	2022	1,980	0.50 mi

Listing Broker

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