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Burger King
1800 East Main Street, Alice, TX 78332
$1,916,153
Cap Rate 6.50%
Summary
| Price $1,916,153 | Built/Renov 2012 | Tenant Burger King |
| Cap Rate 6.50% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
3,778
| Lease Start
08-01-2013
| #Units
53
|
| Price/SF $507.19 | Expiration
07-31-2032
| Tenant Type Fast Food/QSR |
| NOI $124,550 | R. Term 8.7 | Ownership Fee Simple |
| Rent/SF
$32.97
| Increases 1.3%/1/yrs | Pop 5Mi 21,813 |
| Lot/AC 0.94 | Options 4/5yrs/1.25% | AHHI 5Mi $60,550 |
| | |
Lease Highlights
- Burger King has over 8 years remaining on the current lease term with 4 (5-year) options to extend
- Lease features 1.25% annual rent increases
- Absolute NNN | Zero landlord responsibilities
- Lease guaranteed by Shonaz, Inc. (53 units)
Location Description
Burger King is situated at the signalized, hard corner intersection of E. Main Street and Coyote Trail, which has a combined traffic count of 20,116 vehicles. This location is directly across the street from a recently built Starbucks and in close proximity to various national retailers, including Harbor Freight, Dollar General, First Community Bank, O'Reilly Auto Parts, Circle K among...
...Features
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Signalized intersection
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Hard corner intersection
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Major thoroughfare
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Near major nationals
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Major MSA
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Income tax free state
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Absolute NNN
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Annual rent increases
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Traded and rated company
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Personal guarantee
...
Maps
Tenant
- Tenant: Burger King
- Guarantor:Franchisee
- Company:Shonaz, Inc.
- # Units:53
- Tenant S&P: BB
- Moody’s: B1
- Stock:NYSE: QSR
About Tenant
Burger King is an American-based multinational chain of hamburger fast food restaurants, and the second largest fast food hamburger chain in the world. The Burger King menu features their...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,859 | 18,508 | 20,416 |
| 2023 Total Population : | 4,903 | 18,857 | 20,809 |
| 2023 Employed Civilian Pop : | 2,089 | 7,386 | 8,071 |
| 2023 Total Businesses : | 301 | 862 | 933 |
| 2023 Average Household Income : | $ 89,743 | $ 67,776 | $ 67,326 |
| 2023 Total Consumer Spending : | $ 138 M | $ 414 M | $ 453 M |
| 2023 Median Age : | 36 | 35 | 35 |
| 2023 Total Households : | 1,780 | 6,862 | 7,568 |
| 2023 Pop Age 25+: Bachelor's Degree : | 595 | 1,560 | 1,671 |
| 2023 Average Home Value : | $ 161,450 | $ 112,828 | $ 117,127 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| East Main Street | N Texas Blvd | 2021 | 20,116 | 0.17 mi |
| East Main Street | Triangle Dr N | 2020 | 18,800 | 0.17 mi |
| E Main St | Mariposa | 2002 | 19,800 | 0.24 mi |
| Farm to Market Road 1931 | FM 665 | 2021 | 7,975 | 0.25 mi |
| Farm to Market Road 1931 | S Flournoy Rd | 2020 | 7,861 | 0.25 mi |
| Agarito Ave | 2021 | 999 | 0.42 mi | |
| East Front Street | S Almond St | 2021 | 16,855 | 1.26 mi |
| East Front Street | Presnall St | 2020 | 15,428 | 1.26 mi |
| South Cameron Street | S Cameron St | 2021 | 6,031 | 1.34 mi |
| State Hwy 44 | Hwy 44 E | 2002 | 11,700 | 1.53 mi |
