Burger King

1699 U.S. Highway 9, Clifton Park, NY 12065

$3,913,043

Cap Rate 5.75%

Views: 113 DOM: 208 Updated: 11.02.24 Posted: 05.09.24 Status: Active

Summary

Price $3,913,043	Built/Renov 1981/2004	Tenant Burger King
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,692	Lease Start 08-01-2023	#Units 19,384
Price/SF $1,059.87	Expiration 07-31-2038	Tenant Type Fast Food/QSR
NOI $225,000	R. Term 13.8	Ownership Fee Simple
Rent/SF $60.94	Increases 10.0%/5/yrs	Pop 5Mi 69,053
Lot/AC 0.85	Options 3/5yrs/10%	AHHI 5Mi $132,037

Jimmy Goodman

The Boulder Group (HQ)

Contact

Lease Highlights

Burger King has 13+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% rental increases throughout the initial term and option periods
Ranked in the top 1% of Burger King stores nationally | Contact broker for details
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Burger King is strategically located at the signalized, hard corner intersection of US Highway 9 and Clifton Park Blvd., with access to a substantial combined daily traffic count of 66,734 vehicles. The property is further enhanced by its immediate access to Interstate 87 (101,367 VPD). Additionally, it is surrounded by several shopping centers and located on an outparcel to Lowe’s Home...

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Key Features

Signalized intersection
High traffic 50M+ VPD
Shopping Ctr out-parcel
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee

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Links

Burger King Wikipedia Burger King Wikipedia Clifton Park, New York Zip Code 12065 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Corp T and Rated
Company:Restaurant Brands International, Inc.
# Units:19,384
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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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Tower Way	Clifton PkRd	2006	34,150	0.10 mi
State Highway 146	Hwy 9	2018	15,156	0.28 mi
Clifton Park Rd	Fire Rd	2018	13,659	0.31 mi
	State Hwy 146	2021	4,383	0.35 mi
Old Rte 146	Fire Rd	2018	5,447	0.40 mi
	Hwy 146	2021	2,806	0.40 mi
Clifton Park Boulevard	Plank Rd	2018	40,586	0.41 mi
	Fire Rd	2021	3,068	0.42 mi
	Plank Rd	2021	5,416	0.47 mi
Clifton Park Boulevard	Maxwell Dr	2021	40,904	0.48 mi

Listing Broker

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