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Views: 64 DOM: 59 Updated: 07.10.24 Posted: 05.14.24 Status: Active

Summary

Price $2,000,000
Built/Renov 2024
Tenant Burger King
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,765
Lease Start 07-01-2024
#Units 190
Price/SF $723.33
Expiration 07-01-2044
Tenant Type Fast Food/QSR
NOI $105,000
R. Term 19.11
Ownership Fee Simple
Rent/SF $37.97
Increases 8.0%/5/yrs
Pop 5Mi 79,901
Lot/AC 0.78
Options 4/5yrs/8%
AHHI 5Mi $89,692

Lease Highlights

  • Brand new 2024 construction
  • Burger King will be executing brand new 20-year lease with 4 (5-year) options to extend
  • The lease features 8% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by GPS Hospitality Partners (190-unit operator)

Location Description

Burger King is strategically located on Old Spanish Trail, with access to 18,200 vehicles passing by daily. The property is conveniently situated directly off Interstate 10, which sees 84,300 VPD, offering direct on/off ramp access. The immediate trade area is supported by well-known national tenants, including Circle K, ServePro, Super 8, Shell, Wendy’s, and more. The 5-mile trade area is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Listing Broker

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