loader
Join Free
Views: 31 DOM: 46 Updated: 05.06.24 Posted: 04.11.24 Status: Active

Summary

Price $1,500,000
Built/Renov 2011
Tenant Burger King
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,322
Lease Start 10-30-2018
#Units 35
Price/SF $451.54
Expiration 10-31-2038
Tenant Type Fast Food/QSR
NOI $90,000
R. Term 14.5
Ownership Fee Simple
Rent/SF $27.09
Increases 10.0%/4/yrs
Pop 5Mi 12,394
Lot/AC 0.90
Options 0/0yrs
AHHI 5Mi $49,597

Lease Highlights

  • Burger King has 14+ years remaining on the current lease term with no options remaining
  • The lease features 10% rental escalations every 5 years throughout the lease term
  • Tenant will receive a 30-day rent abatement for remodeling the site in 2026 or later | Speak with Agent for details
  • Absolute NNN | Zero landlord responsibilities
  • Strong sales trends | Sales increased nearly 25% in 2023 | Speak with Agent for details
  • Lease guaranteed by Bulldog Restaurants, LLC (35 units backed)

Location Description

Burger King is strategically located on Mobile Hwy, with access to 22,330 vehicles passing by daily. The property's prime location is within two blocks of I-65, where the traffic count reaches 43,000 VPD. Surrounding amenities include six different hotels/inns, a substantial industrial area, and across I-65 lies the Hyundai Manufacturing Plant and Yellowhammer Park. Nearby well-known national...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Burger King
  • Guarantor:Franchisee
  • Company:Bulldog Restaurants, LLC
  • # Units:35
  • 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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 111 4,593 12,658
2023 Total Population : 112 4,662 12,965
2023 Employed Civilian Pop : 49 1,688 4,456
2023 Total Businesses : 29 119 370
2023 Average Household Income : $ 75,716 $ 56,894 $ 49,915
2023 Total Consumer Spending : $ 2 M $ 94 M $ 234 M
2023 Median Age : 43 41 41
2023 Total Households : 36 1,886 5,325
2023 Pop Age 25+: Bachelor's Degree : 12 397 910
2023 Average Home Value : $ 225,000 $ 201,679 $ 156,144
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Mobile Highway Wasden Rd 2019 14,139 0.07 mi
Wasden Road County Ct 2018 2,701 0.16 mi
Folmar Pkwy 2021 7,200 0.19 mi
Mobile Hwy Folmar Pkwy 2014 10,270 0.20 mi
Mobile Highway Squadron Ln 2020 16,049 0.22 mi
Mobile Highway I- 65 2018 22,303 0.22 mi
Mobile Highway Hyundai Blvd 2021 16,049 0.22 mi
Hyundai Blvd 2014 7,110 0.27 mi
Mobile Hwy 2021 7,550 0.27 mi
Mobile Hwy 2021 1,680 0.32 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity