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Views: 82 DOM: 137 Updated: 10.29.24 Posted: 07.08.24 Status: Active

Summary

Price $2,249,814
Built/Renov 2021
Tenant Hwy 55 Burgers Shakes & Fries
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,405
Lease Start 10-21-2021
#Units 135
Price/SF $935.47
Expiration 10-31-2041
Tenant Type Fast Casual/Rest.
NOI $157,487
R. Term 16.11
Ownership Fee Simple
Rent/SF $65.48
Increases 10.0%/2/yrs
Pop 5Mi 24,677
Lot/AC 1.10
Options 2/10yrs/10%
AHHI 5Mi $60,956

Lease Highlights

  • Hwy 55 Burgers Shakes & Fries has 17+ years remaining on the current lease term with 2 (10-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Hwy 55 Burgers Shakes & Fries is strategically located at the signalized, hard corner intersection of Premier Boulevard and 4th Avenue, with access to a combined daily traffic count of 18,800 vehicles. The property benefits from quick access to Interstate 95 and Highway 158. I-95 is the main north–south Interstate Highway on the East Coast. The immediate area is features well-known national...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Hwy 55 Burgers Shakes & Fries is a retro-themed, American restaurant franchise specializing in classic comfort foods like fresh, never frozen burgers, hot dogs, and shakes. The chain offers...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 833 13,850 25,122
2024 Total Population : 867 14,366 26,113
2024 Employed Civilian Pop : 254 5,237 9,487
2024 Total Businesses : 272 938 1,152
2024 Average Household Income : $ 59,985 $ 73,763 $ 71,390
2024 Total Consumer Spending : $ 26 M $ 428 M $ 739 M
2024 Median Age : 47 44 43
2024 Total Households : 492 6,435 11,474
2024 Pop Age 25+: Bachelor's Degree : 110 1,423 2,409
2024 Average Home Value : $ 205,049 $ 202,639 $ 192,823
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Julian R Allsbrook Hwy 2022 3,340 0.30 mi
I- 95 2022 2,924 0.35 mi
Premier Boulevard Premier Blvd 2022 9,735 0.40 mi
Julian R Allsbrook Highway Sleep Inn Dr 2018 21,000 0.43 mi
Julian R Allsbrook Hwy Fairground Ln 2004 21,000 0.43 mi
Julian R Allsbrook Highway Mullen Dr 2022 21,684 0.44 mi
Julian R Allsbrook Highway Fairground Ln 2022 16,503 0.44 mi
Country Club Road Julian R Allsbrook Hwy 2022 3,563 0.46 mi
Summitt Ave 2022 7,149 0.47 mi
I- 95 2022 4,333 0.48 mi

Listing Broker

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