Burger King

13725 N Fountain Hills Blvd, Fountain Hills, AZ 85268

$2,149,500

Cap Rate 5.35%

$2,190,500

Cap Rate 5.25%

DOM: 314 Updated: 05.17.24 Posted: 07.03.23 Status: Sold 05.13.24

Summary

Price $2,149,500 $2,190,500	Built/Renov 1995/2023	Tenant Burger King
Cap Rate 5.35% 5.25%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,592	Lease Start 12-15-2021	#Units 55
Price/SF $829.28 $845.10	Expiration 06-01-2044	Tenant Type Fast Food/QSR
NOI $115,000	R. Term 19.0	Ownership Fee Simple
Rent/SF $44.37	Increases 5.0%/3/yrs	Pop 5Mi 35,353
Lot/AC 0.58	Options 4/5yrs/5%	AHHI 5Mi $145,893

Lease Highlights

Recent 2023 renovations
Burger King has over 20 years remaining on the current lease term with 4 (5-year) options to extend
Lease features 5% rental increases every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Personal guarantee by Barnett Jacobs Land, LLC (55 units)

Location Description

Burger King is strategically located along North Fountain Hills Boulevard with access to over 11,600 vehicles per day. The site benefits from its position as an outparcel to a high performing Safeway grocery store anchored shopping center. Additional national/credit tenants in the area include Starbucks, Walgreens, Pizza Hut, Goodwill, Ace Hardware and more. Over 35,300 residents earning an...

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Key Features

New prototype
Recent renovation
Dense retail corridor
Shopping Ctr out-parcel
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long 15+ yr lease
Absolute NNN
Traded and rated company
50+ unit franchisee backed

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Links

Burger King Wikipedia Burger King Wikipedia Fountain Hills, Arizona Zip Code 85268 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Franchisee
Company:Barnett Jacobs Land, LLC
# Units:55
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 :	9,236	25,671	32,299
2023 Total Population :	9,186	25,529	32,211
2023 Employed Civilian Pop :	4,015	11,447	14,516
2023 Total Businesses :	481	959	1,103
2023 Average Household Income :	$ 113,474	$ 148,804	$ 166,813
2023 Total Consumer Spending :	$ 459 M	$ 1554 M	$ 2112 M
2023 Median Age :	61	60	58
2023 Total Households :	4,762	12,330	15,027
2023 Pop Age 25+: Bachelor's Degree :	2,162	6,552	8,159
2023 Average Home Value :	$ 591,544	$ 638,486	$ 672,713

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Fountain Hills Boulevard	Four Peaks Vista Condos	2018	5,382	0.04 mi
N Fountain Hills Blvd	E Palisades Blvd	2014	8,823	0.07 mi
E Palisades Blvd	E Ave of the Fountains	2014	12,513	0.14 mi
Avienida Vida Buena	N Piedra Blanca Dr	2010	1,797	0.17 mi
N Fountain Hills Blvd	E Palisades Blvd	2014	8,181	0.18 mi
E Ave of the Fountains	Avienida Vida Buena	2014	3,565	0.19 mi
N Mountainside Dr	E Tumbleweed Dr	2010	1,039	0.22 mi
E el Lago Blvd	N Crystal Hills Dr	2014	4,177	0.26 mi
E el Lago Dr	N Daniel Dr	2014	3,127	0.26 mi
E Ave of the Fountains	E Westby Dr	2008	5,310	0.30 mi

Listing Broker

Mark Ruble

Marcus & Millichap: NLAG

Contact

192 Listings
34154 Views
128 Sold

Chris Lind

Marcus & Millichap: NLAG

Contact

191 Listings
34043 Views
127 Sold

Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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