Burger King

231 South Madison Boulevard, Roxboro, NC 27573

$3,063,000

Cap Rate 6.25%

Views: 168 DOM: 391 Updated: 09.05.24 Posted: 10.27.23 Status: Active

Summary

Price $3,063,000	Built/Renov 1989/2015	Tenant Burger King
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,230	Lease Start 10-18-2016	#Units 166
Price/SF $948.30	Expiration 10-31-2036	Tenant Type Fast Food/QSR
NOI $191,448	R. Term 11.11	Ownership Fee Simple
Rent/SF $59.27	Increases 1.5%/1/yrs	Pop 5Mi 19,067
Lot/AC 1.14	Options 4/5yrs/1.5%	AHHI 5Mi $62,039

Lease Highlights

Burger King has 11+ years remaining on the current lease term with 4 (5-year) options to extend
Lease features 1.5% annual rent increases throughout the initial term and in each option
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by New CFH, LLC (subsidiary of Carrols Restaurant Group)

Location Description

Burger king is strategically located on the signalized, hard corner intersection of Long Avenue and Madison Boulevard with excellent access and visibility to 47,200 vehicles passing daily. The subject property’s location is further enhanced by the presence of well-known major nationals such as Walgreens, Wells Fargo, Big Lots, and Family Dollar. The property also has the Person County Social...

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Key Features

Signalized intersection
Hard corner intersection
Major thoroughfare
Dense retail corridor
Near major nationals
Top 100 MSA
Absolute NNN
Long 10+ yr lease
Annual rent increases
100+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Roxboro, North Carolina Zip Code 27573 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:New CFH, LLC
# Units:166
Tenant S&P: BB
Moody’s: B1
Stock: NYSE: QSR

About Tenant

Burger King is an American-based multinational chain of hamburger fast food restaurants, and the second largest fast food hamburger chain in the world. The Burger King menu features their...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,992	11,277	18,869
2023 Total Population :	4,089	11,454	19,048
2023 Employed Civilian Pop :	1,735	4,879	8,665
2023 Total Businesses :	381	721	859
2023 Average Household Income :	$ 59,712	$ 61,382	$ 66,332
2023 Total Consumer Spending :	$ 97 M	$ 272 M	$ 473 M
2023 Median Age :	43	43	44
2023 Total Households :	1,823	4,979	8,040
2023 Pop Age 25+: Bachelor's Degree :	423	1,075	1,636
2023 Average Home Value :	$ 157,034	$ 172,544	$ 185,006

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
NC 49-57	S Madison Blvd	2020	5,900	0.03 mi
Gordon St	S Madison Blvd	2004	4,600	0.17 mi
Leasburg Road	Longwood Ter	2021	5,000	0.18 mi
Leasburg Road	W Gordon St	2019	4,500	0.18 mi
US 158	Long Ave	2020	7,100	0.19 mi
Leasburg Road	W Gordon St	2021	8,000	0.19 mi
US 501	Leasburg Rd	2020	19,000	0.19 mi
Leasburg Road	Long Ave	2018	7,900	0.20 mi
Leasburg Rd	W Gordon St	2004	8,600	0.20 mi
S Madison Blvd	Harris St	2004	22,000	0.24 mi

Listing Broker

Gary Chou

Berkeley Capital Advisors

Contact

34 Listings
5504 Views
0 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
27474 Views
21 Sold

Gary Chou

With nearly a decade of experience in commercial real estate sales, Gary Chou leads Berkeley Capital Advisors’ West Coast office with a focus on Single Tenant Net Lease, Net Lease Portfolios, and Corporate Sale Leasebacks. Having brokered over 1,300 transactions totaling $3.5 billion, he and his team are highly regarded as one of the most active brokerage teams in the country and serve some of the world’s largest corporate companies, public and private REITs, private equity funds, developers, f

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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

Berkeley Capital Advisors

Contact

187 Listings
28482 Views
23 Sold

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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