Burger King

7581 Mobile Highway, Hope Hull, AL 36043

$1,500,000

Cap Rate 6.00%

Views: 109 DOM: 236 Updated: 09.05.24 Posted: 04.11.24 Status: Active 09.05.24

Summary

Price $1,500,000	Built/Renov 2011	Tenant Burger King
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,322	Lease Start 10-30-2018	#Units 35
Price/SF $451.54	Expiration 10-31-2038	Tenant Type Fast Food/QSR
NOI $90,000	R. Term 13.11	Ownership Fee Simple
Rent/SF $27.09	Increases 10.0%/4/yrs	Pop 5Mi 12,394
Lot/AC 0.90	Options 0/0yrs	AHHI 5Mi $49,597

Lease Highlights

Burger King has 14+ years remaining on the current lease term with no options remaining
The lease features 10% rental escalations every 5 years throughout the lease term
Tenant will receive a 30-day rent abatement for remodeling the site in 2026 or later | Speak with Agent for details
Absolute NNN | Zero landlord responsibilities
Strong sales trends | Sales increased nearly 25% in 2023 | Speak with Agent for details
Lease guaranteed by Bulldog Restaurants, LLC (35 units backed)

Location Description

Burger King is strategically located on Mobile Hwy, with access to 22,330 vehicles passing by daily. The property's prime location is within two blocks of I-65, where the traffic count reaches 43,000 VPD. Surrounding amenities include six different hotels/inns, a substantial industrial area, and across I-65 lies the Hyundai Manufacturing Plant and Yellowhammer Park. Nearby well-known national...

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Key Features

Build to suit
Near major nationals
Shopping Ctr out-parcel
Strategically located
Freeway visibility
Major MSA
Strong sales history
Absolute NNN
Long 10+ yr lease
25+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Hope Hull, Alabama Zip Code 36043 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:Bulldog Restaurants, LLC
# Units:35
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
2028 Total Population :	111	4,593	12,658
2023 Total Population :	112	4,662	12,965
2023 Employed Civilian Pop :	49	1,688	4,456
2023 Total Businesses :	29	119	370
2023 Average Household Income :	$ 75,716	$ 56,894	$ 49,915
2023 Total Consumer Spending :	$ 2 M	$ 94 M	$ 234 M
2023 Median Age :	43	41	41
2023 Total Households :	36	1,886	5,325
2023 Pop Age 25+: Bachelor's Degree :	12	397	910
2023 Average Home Value :	$ 225,000	$ 201,679	$ 156,144

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Mobile Highway	Wasden Rd	2019	14,139	0.07 mi
Wasden Road	County Ct	2018	2,701	0.16 mi
	Folmar Pkwy	2021	7,200	0.19 mi
Mobile Hwy	Folmar Pkwy	2014	10,270	0.20 mi
Mobile Highway	Squadron Ln	2020	16,049	0.22 mi
Mobile Highway	I- 65	2018	22,303	0.22 mi
Mobile Highway	Hyundai Blvd	2021	16,049	0.22 mi
	Hyundai Blvd	2014	7,110	0.27 mi
	Mobile Hwy	2021	7,550	0.27 mi
	Mobile Hwy	2021	1,680	0.32 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
28465 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
29524 Views
23 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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