Burger King

1016 Mineral Wells Avenue, Paris, TN 38242

$1,950,000

Cap Rate 5.05%

Views: 57 DOM: 75 Updated: 07.01.24 Posted: 05.13.24 Status: Active

Summary

Price $1,950,000	Built/Renov 2008	Tenant Burger King
Cap Rate 5.05%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,579	Lease Start 01-06-2016	#Units 42
Price/SF $756.11	Expiration 12-31-2035	Tenant Type Fast Food/QSR
NOI $98,413	R. Term 11.5	Ownership Fee Simple
Rent/SF $38.16	Increases 10.0%/5/yrs	Pop 5Mi 16,782
Lot/AC 1.10	Options 2/5yrs/10%	AHHI 5Mi $50,660

Andrew Greenberg

HMX Realty Advisors

Contact

Lease Highlights

Burger King has 11+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by Tennessee Quality, LLC (42 units backed)

Location Description

Burger King is strategically located on Mineral Wells Avenue, the primary commercial corridor, with access to 21,170 vehicles passing by daily. The property is in close proximity to Henry County’s Regional Medical Campus and surrounded by several K-12 schools with a total of 4,484 students. Additionally, it is just west of Paris Landing State Park, which attracts over 1.5 million visitors...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Hospital close
Strong tenant synergy
Highway close
Income tax free state
Absolute NNN
Long 10+ yr lease
25+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Paris, Tennessee Zip Code 38242 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:Tennessee Quality, LLC
# Units:42
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, in addition to chicken sandwiches, breakfast...

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Listing Broker

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