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Views: 162 DOM: 227 Updated: 10.18.24 Posted: 04.10.24 Status: Active

Summary

Price $1,117,000
Built/Renov 2018
Tenant Burger King
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,435
Lease Start 10-30-2018
#Units 35
Price/SF $325.18
Expiration 10-31-2038
Tenant Type Fast Food/QSR
NOI $67,000
R. Term 13.11
Ownership Fee Simple
Rent/SF $19.51
Increases 10.0%/4/yrs
Pop 5Mi 6,008
Lot/AC 0.85
Options 0/0yrs
AHHI 5Mi $63,567

Lease Highlights

  • Burger King has 14 years remaining on the current lease term with no options remaining
  • The lease features 10% rental increases every 5 years throughout the lease term
  • Strong sales trends | Sales increased ±8.5% in 2023 | Speak with Agent for details
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Bulldog Restaurants, LLC (35 units backed)

Location Description

Burger King is strategically located on Magnolia Avenue, with access to 5,600 vehicles passing by daily. The property occupies a prime position within the main retail corridor, offering convenient proximity to the local Walmart, a Piggly Wiggly-anchored shopping center, Wiregrass Medical Center, Geneva High School, and Sysco Gulf Coast. The 5-mile trade area is supported by a population of...

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Maps

  • 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 : 1,109 4,118 5,965
2023 Total Population : 1,118 4,151 6,008
2023 Employed Civilian Pop : 501 1,717 2,629
2023 Total Businesses : 82 226 258
2023 Average Household Income : $ 77,225 $ 61,443 $ 63,567
2023 Total Consumer Spending : $ 32 M $ 93 M $ 141 M
2023 Median Age : 50 46 46
2023 Total Households : 462 1,689 2,479
2023 Pop Age 25+: Bachelor's Degree : 121 248 368
2023 Average Home Value : $ 171,522 $ 159,006 $ 162,251
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West Magnolia Avenue N Lincoln St 2021 5,200 0.53 mi
West Maple Avenue N Woodland St 2020 8,166 0.67 mi
West Maple Avenue N Whitney St 2021 8,166 0.67 mi
Goat Hill Road Holt Ct 2021 739 1.07 mi
West Magnolia Avenue N Johnson St 2019 5,400 1.38 mi
North Forest Avenue W Maple Ave 2014 8,700 1.39 mi
AL 52 Braircliff Rd 2021 3,898 1.61 mi
State Rte 52 Braircliff Rd 2020 3,898 1.61 mi
Sizemore Highway S Clark St 2021 5,887 1.81 mi
South Morris Street E Westville Ave 2014 4,790 1.92 mi

Listing Broker

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