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Views: 134 DOM: 203 Updated: 10.09.24 Posted: 04.10.24 Status: Active 09.05.24

Summary

Price $1,360,000
Built/Renov 2014
Tenant Burger King
Cap Rate 6.62%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,702
Lease Start 10-30-2018
#Units 35
Price/SF $367.37
Expiration 10-31-2038
Tenant Type Fast Food/QSR
NOI $90,000
R. Term 14.0
Ownership Fee Simple
Rent/SF $24.31
Increases 10.0%/4/yrs
Pop 5Mi 7,979
Lot/AC 1.50
Options 0/0yrs
AHHI 5Mi $65,428

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
  • Tenant will receive a 30-day rent abatement for remodeling the site in 2026 or later | 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 Highway 80, with access to 33,030 vehicles passing by daily. The property is conveniently situated within walking distance of Whitfield Regional Hospital. Additionally, it is approximately 1.5 miles from Demopolis High School and a Walmart Supercenter-anchored shopping center featuring well-known national tenants such as Dollar Tree, CVS Pharmacy, Sonic,...

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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 : 2,675 6,880 7,730
2023 Total Population : 2,797 7,120 7,986
2023 Employed Civilian Pop : 1,078 3,004 3,353
2023 Total Businesses : 174 461 480
2023 Average Household Income : $ 39,848 $ 65,431 $ 65,422
2023 Total Consumer Spending : $ 41 M $ 172 M $ 194 M
2023 Median Age : 36 40 40
2023 Total Households : 1,176 2,986 3,370
2023 Pop Age 25+: Bachelor's Degree : 254 823 875
2023 Average Home Value : $ 153,111 $ 192,824 $ 184,983
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Pettus Street Bailey Dr 2019 3,770 0.18 mi
East Pettus Street S Cherry Ave 2021 3,526 0.18 mi
US 43;US 80 Sam Ave 2021 15,828 0.43 mi
US Hwy 80 Cedar Crest Dr 2019 17,370 0.43 mi
Arcola Street 2014 3,770 0.46 mi
Demopolis and Jefferson Road Demopolis A Jefferson Rd 2018 3,832 0.47 mi
South Cedar Avenue E Boundary St 2021 5,422 0.62 mi
2014 10,390 0.67 mi
Lincoln Ave Hwy 80 2020 8,590 0.68 mi
US 80 Napolean Dr 2021 8,590 0.68 mi

Listing Broker

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