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Burger King

5320 James Madison Pkwy, King George, VA 22485

$1,550,000

Cap Rate 10.05%

$1,832,082

Cap Rate 8.50%

DOM: 23 Updated: 10.23.23 Posted: 09.20.23 Status: Sold     10.13.23

Summary

Price $1,550,000 $1,832,082
Built/Renov 1993/2018
Tenant Burger King
Cap Rate 10.05% 8.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,383
Lease Start 05-01-2007
#Units 117
Price/SF $458.17 $541.56
Expiration 04-29-2027
Tenant Type Fast Food/QSR
NOI $155,727
R. Term 1.10
Ownership Fee Simple
Rent/SF $46.03
Increases 10.0%/5/yrs
Pop 5Mi 8,136
Lot/AC 0.99
Options 2/5yrs/10%
AHHI 5Mi $99,695

Dan Lewkowicz
ENCORE Real Estate Investment Services
Contact

Highlights

  • Burger King has a 16+ year operating history at this location
  • Top 70% of Burger Kings system-wide according to Placer.ai
  • Tenant has 3+ years remaining on their primary term with 2 (5-year) options to extend
  • The lease features 10% rental increases every 5 years
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by DC Burger, a Franchisee who operates 37 Burger Kings & 80 Round Table Pizza restaurants

Location Description

This 3,383 square foot Burger King, equipped with a drive-thru, is positioned on .98 acres along James Madison Parkway which sees over 23,000 vehicles passing by daily. Surrounding retailers include Walmart, Petco, Advance Auto Parts, Food Lion and more, creating a strong consumer drive to the trade area. 8,136 residents, earning an average household income of $99,695 occupy the 5-mile radius....

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Key Features

  • In location for years

  • Near major nationals

  • Strategically located

  • Strong tenant synergy

  • Highway close

  • Affluent suburb location

  • Long operation history

  • Absolute NNN

  • Top performing store

  • 100+ unit franchisee backed

    • ...

Links

Burger King Wikipedia Burger King Wikipedia King George, Virginia Zip Code 22485 Broker Site Page

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Burger King
  • Guarantor:Franchisee
  • Company:DC Burger
  • # Units:117
  • 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 772 5,310 8,811
2023 Total Population : 769 5,302 8,735
2023 Employed Civilian Pop : 407 2,559 4,472
2023 Total Businesses : 65 243 273
2023 Average Household Income : $ 127,451 $ 122,348 $ 128,636
2023 Total Consumer Spending : $ 34 M $ 203 M $ 350 M
2023 Median Age : 38 36 38
2023 Total Households : 317 1,947 3,213
2023 Pop Age 25+: Bachelor's Degree : 100 755 1,326
2023 Average Home Value : $ 535,894 $ 520,625 $ 460,686
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Dahlgren Road Real Estate Ave 2018 13,000 0.21 mi
James Madison Pkwy Dahlgren Rd 2016 21,000 0.28 mi
James Madison Parkway Dahlgren Rd 2018 21,000 0.28 mi
James Madison Parkway Dahlgren Rd 2018 21,000 0.30 mi
James Madison Pkwy Dahlgren Rd 2016 21,000 0.30 mi
James Madison Parkway Davis Dr 2021 19,000 0.31 mi
Dahlgren Road Real Estate Ave 2020 8,300 0.31 mi
Owens Dr Rose Ave 2016 1,900 0.55 mi
Owens Drive Chatham Dr 2021 1,900 0.55 mi
Owens Drive Green Hill Ln 2020 1,600 0.55 mi

Listing Broker

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