Price $3,558,000 | Built/Renov 2023 | Tenant Burger King |
Cap Rate 5.00% | Lease Type
NN+ | Guarantor Franchisee |
Size/SF
3,153
| Lease Start
10-01-2023
| #Units
75
|
Price/SF $1,128.45 | Expiration
09-30-2043
| Tenant Type Fast Food/QSR |
NOI $177,924 | R. Term 19.9 | Ownership Fee Simple |
Rent/SF
$56.43
| Increases 5.0%/5/yrs | Pop 5Mi 40,113 |
Lot/AC 1.00 | Options 4/5yrs/5% | AHHI 5Mi $90,005 |
| |
This newly constructed 3,153 square foot Burger King is strategically located at the signalized, hard corner intersection of Highway 85 North and Old Bethel Road with access to 31,000 vehicles per day. The asset benefits from significant street frontage and multiple points of access, providing ease and convenience for customers. The property is located on the same intersection as a new...
...New construction
Signalized intersection
Hard corner intersection
Dense retail corridor
Highway location
Affluent suburb location
Income tax free state
Brand new lease
Long 20+ yr lease
Personal guarantee
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...
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]