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| Price $2,890,000 $3,250,000 | Built/Renov 2022 | Tenant Burger King (GL) |
| Cap Rate 4.50% 4.00% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
2,866
| Lease Start
05-01-2022
| #Units
45
|
| Price/SF $1,008.37 $1,133.98 | Expiration
04-30-2042
| Tenant Type Fast Food/QSR |
| NOI $130,000 | R. Term 17.0 | Ownership Ground Lease |
| Rent/SF
$45.36
| Increases 10.0%/5/yrs | Pop 5Mi 248,411 |
| Lot/AC 0.57 | Options 4/5yrs/10% | AHHI 5Mi $80,334 |
| | |
Burger King is strategically fronting Southern Blvd / US-98, a primary East/West thoroughfare serving West Palm Beach and averaging more than 84,000 vehicles passing by daily. The property is directly off Florida’s Turnpike (79,000 VPD. Nearby stores include: Kohl's, Dollar Tree, Dick's Sporting Goods, Texas Roadhouse and many others. A brand new WAWA is underconstruction next door. More than...
...New construction
Major thoroughfare
Strategically located
Highway location
Strong demographics
Affluent suburb location
Income tax free state
Brand new lease
Long 20+ yr lease
50+ unit franchisee backed
Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, the chain is committed to premium ingredients, signature recipes, and...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 3,153 | 76,526 | 258,337 |
| 2023 Total Population : | 3,078 | 74,884 | 256,477 |
| 2023 Employed Civilian Pop : | 1,620 | 37,544 | 126,584 |
| 2023 Total Businesses : | 385 | 3,508 | 11,154 |
| 2023 Average Household Income : | $ 186,458 | $ 108,759 | $ 93,654 |
| 2023 Total Consumer Spending : | $ 137 M | $ 2498 M | $ 7828 M |
| 2023 Median Age : | 38 | 40 | 41 |
| 2023 Total Households : | 881 | 26,637 | 96,446 |
| 2023 Pop Age 25+: Bachelor's Degree : | 645 | 11,998 | 37,433 |
| 2023 Average Home Value : | $ 554,685 | $ 397,582 | $ 358,608 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Southern Blvd | Benoist Farms Rd S | 2017 | 79,440 | 0.05 mi |
| Benoist Farms Rd | Southern Blvd | 2017 | 5,350 | 0.09 mi |
| North Benoist Farms Road | 2019 | 5,844 | 0.12 mi | |
| Benoist Farms Rd S | Whispering Oak Way | 2013 | 1,310 | 0.14 mi |
| Southern Blvd | Benoist Farms Rd | 2018 | 84,104 | 0.21 mi |
| North Benoist Farms Road | Wallis Rd | 2019 | 5,100 | 0.41 mi |
| North Benoist Farms Road | Falcon Crane Way | 2021 | 4,900 | 0.41 mi |
| Southern Blvd | Dump Rd | 2011 | 60,000 | 0.47 mi |
| Southern Blvd | 8th Rd | 2017 | 79,440 | 0.47 mi |
| Lyons Road | 2018 | 14,619 | 0.53 mi |
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Size/SF 3,694
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
