Views: 0 DOM: 161 Updated: 12.09.23 Posted: 07.03.23 Status: Active 09.08.23


Price $2,300,000
Built/Renov 1995/2023
Tenant Burger King
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,592
Lease Start 12-15-2021
#Units 55
Price/SF $887.35
Expiration 06-01-2044
Tenant Type Fast Food/QSR
NOI $115,000
R. Term 20.5
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...



  • 1 Mile
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  • 5 Miles


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...



  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


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

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