Price $1,711,000 | Built/Renov 1988/2021 | Tenant Burger King |
Cap Rate 4.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
2,127
| Lease Start
01-01-2000
| #Units
19,247
|
Price/SF $804.42 | Expiration
01-31-2035
| Tenant Type Fast Food/QSR |
NOI $77,000 | R. Term 11.1 | Ownership Fee Simple |
Rent/SF
$36.20
| Increases 0.0%/0/yrs | Pop 5Mi 415,440 |
Lot/AC 1.10 | Options 0/0yrs | AHHI 5Mi $53,085 |
| |
Burger King is located at the signalized, hard corner intersection of Livernois and West Grand River Avenue with a combined 31,100 vehicles passing by daily. The asset is directly off of Interstate 96 (123,000 VPD), a 192-mile East/West primary thoroughfare serving the entire Lower Peninsula of Michigan and within close proximity to Interstate 96 with direct on/off ramp access. The site is...
...Signalized intersection
Recent renovation
Hard corner intersection
In location for years
Freeway close
Highway location
Top 100 MSA
Absolute NNN
Long 10+ yr lease
Traded and rated company
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 : | 11,534 | 137,322 | 410,151 |
2023 Total Population : | 11,620 | 138,713 | 413,627 |
2023 Employed Civilian Pop : | 3,424 | 43,991 | 140,904 |
2023 Total Businesses : | 239 | 2,780 | 10,309 |
2023 Average Household Income : | $ 42,153 | $ 48,846 | $ 55,352 |
2023 Total Consumer Spending : | $ 184 M | $ 2262 M | $ 7569 M |
2023 Median Age : | 40 | 36 | 35 |
2023 Total Households : | 4,948 | 52,322 | 154,830 |
2023 Pop Age 25+: Bachelor's Degree : | 650 | 8,383 | 32,027 |
2023 Average Home Value : | $ 115,305 | $ 136,709 | $ 158,574 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
M 5 | Woodside St | 2021 | 11,555 | 0.12 mi |
FROM LIVERNOIS AVE AND W CHICAGO ST VIA W I-96 SD | Monica Ave | 2021 | 4,423 | 0.15 mi |
W Grand River Ave | Burnette Ave | 2014 | 4,246 | 0.15 mi |
2019 | 2,895 | 0.17 mi | ||
TO LIVERNOIS AND W CHICAGO ST VIA SE TURNER ST | Burnette Ave | 2021 | 3,404 | 0.18 mi |
I 96 Service Drive | Turner St | 2021 | 6,381 | 0.19 mi |
West Chicago Street | 2019 | 3,093 | 0.19 mi | |
CHICAGO ST | 2020 | 2,641 | 0.19 mi | |
Livernois Ave | I- 96 | 2011 | 11,827 | 0.19 mi |
2019 | 1,759 | 0.22 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]