Burger King

6934 West Adams Avenue, Temple, TX 76502

$2,892,727

Cap Rate 5.50%

Views: 82 DOM: 102 Updated: 12.13.24 Posted: 07.10.24 Status: Sold 10.21.24

Summary

Price $2,892,727	Built/Renov 2017	Tenant Burger King
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,937	Lease Start 09-01-2018	#Units 150
Price/SF $984.93	Expiration 12-26-2037	Tenant Type Fast Food/QSR
NOI $159,100	R. Term 13.0	Ownership Fee Simple
Rent/SF $54.17	Increases 7.5%/5/yrs	Pop 5Mi 67,000
Lot/AC 0.70	Options 4/5yrs/7.5%	AHHI 5Mi $76,700

Peter Deltondo

Marcus & Millichap

Contact

Lease Highlights

Burger King has 13+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 7.5% rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Burger King is strategically located on West Adams Avenue, with access to 30,959 vehicles passing by daily. The property is surrounded by key educational institutions, including North Belton Middle School, Lake Belton Middle School, Joe M. Pirtle Elementary School, and more. The immediate area features well-known national tenants, including Michaels, CVS Pharmacy, Target, Verizon, Best Buy,...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Freeway close
Strong tenant synergy
Major MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
100+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Temple, Texas Zip Code 76502 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:Ampler Group
# Units:150
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, chicken sandwiches, breakfast sandwiches,...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	5,624	39,427	99,905
2024 Total Population :	4,938	35,838	92,971
2024 Employed Civilian Pop :	2,066	16,381	41,857
2024 Total Businesses :	152	918	3,522
2024 Average Household Income :	$ 112,358	$ 99,552	$ 94,497
2024 Total Consumer Spending :	$ 172 M	$ 1195 M	$ 3075 M
2024 Median Age :	33	35	37
2024 Total Households :	1,739	13,611	36,789
2024 Pop Age 25+: Bachelor's Degree :	603	5,246	13,625
2024 Average Home Value :	$ 254,024	$ 295,995	$ 300,588

*ESRI data is presented for informational purposes only

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