Burger King

3102 Yorktown Drive, Bismarck, ND 58503

$1,503,190

Cap Rate 6.00%

Views: 54 DOM: 66 Updated: 11.11.24 Posted: 10.16.24 Status: Active

Summary

Price $1,503,190	Built/Renov 2017	Tenant Burger King
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,788	Lease Start 02-15-2024	#Units 2
Price/SF $396.83	Expiration 12-31-2037	Tenant Type Fast Food/QSR
NOI $90,191	R. Term 13.0	Ownership Fee Simple
Rent/SF $23.81	Increases 0.0%/1/yrs	Pop 5Mi 77,670
Lot/AC 1.03	Options 4/5yrs	AHHI 5Mi $94,980

Lease Highlights

Burger King has 13 years remaining on the current lease term with 4 (5-year) options to extend
The lease features annual gross sales percentage increases
Absolute NNN lease | Zero landlord responsibilities
Strong dual personal guarantees

Location Description

Burger King is strategically located on Yorktown Drive, with access to 22,166 vehicles passing by daily. The property is positioned in one of the area’s busiest retail and commercial hubs, benefiting from excellent visibility from Centennial Road, which also sees 22,166 VPD. It is conveniently situated near key economic drivers, including Bismarck State College, which serves over 4,000...

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Key Features

Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Freeway close
Affluent suburb location
Brand new lease
Absolute NNN
Long 10+ yr lease
Annual rent increases
Personal guarantee

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Links

Burger King Wikipedia Burger King Wikipedia Bismarck, North Dakota Zip Code 58503 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:Franchisee
# Units:2
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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Listing Broker

Tyler McGarry

Sands Investment Group

Contact

12 Listings
727 Views
2 Sold

Adam Scherr

Sands Investment Group

Contact

27 Listings
1990 Views
2 Sold

Tyler McGarry

I love to build and create new things, flesh out ideas, and strategize for the future. My goal is to affect meaningful change in the world on the largest scale possible. My experience working for Greenpeace taught me a great deal about big business' role the proliferation of climate change. I'm welcoming the challenge of joining the hundreds of companies and organizations that are willing to commit fully to making the planet a key stakeholder in all of their business operations.

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Adam Scherr

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Andrew Ackerman

Sands Investment Group

Contact

60 Listings
8326 Views
28 Sold

Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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