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Burger King
13725 N Fountain Hills Blvd, Fountain Hills, AZ 85268
$2,300,000
Cap Rate 5.00%
Views: 0 DOM: 161 Updated: 12.09.23 Posted: 07.03.23 Status: Active 09.08.23
Summary
| 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...
...Features
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New prototype
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Recent renovation
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Dense retail corridor
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Shopping Ctr out-parcel
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Top 100 MSA
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Affluent AHHI $100K 5 Mi
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Long 15+ yr lease
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Absolute NNN
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Traded and rated company
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50+ unit franchisee backed
...
Maps
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...
...
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 |
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 |
