Views: 0 DOM: 45 Updated: 12.04.23 Posted: 10.27.23 Status: Active


Price $3,063,000
Built/Renov 1989/2015
Tenant Burger King
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,230
Lease Start 10-18-2016
#Units 166
Price/SF $948.30
Expiration 10-31-2036
Tenant Type Fast Food/QSR
NOI $191,448
R. Term 12.10
Ownership Fee Simple
Rent/SF $59.27
Increases 1.5%/1/yrs
Pop 5Mi 19,067
Lot/AC 1.14
Options 4/5yrs/1.5%
AHHI 5Mi $62,039

Lease Highlights

  • Burger King has over 12+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 1.5% annual rent increases throughout the initial term and in each option
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by New CFH, LLC (subsidiary of Carrols Restaurant Group)

Location Description

Burger king is strategically located on the signalized, hard corner intersection of Long Avenue and Madison Boulevard with excellent access and visibility to 47,200 vehicles passing daily. The subject property’s location is further enhanced by the presence of well-known major nationals such as Walgreens, Wells Fargo, Big Lots, and Family Dollar. The property also has the Person County Social...



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  • Tenant: Burger King
  • Guarantor:Franchisee
  • Company:New CFH, LLC
  • # Units:166
  • 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...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,992 11,277 18,869
2023 Total Population : 4,089 11,454 19,048
2023 Employed Civilian Pop : 1,735 4,879 8,665
2023 Total Businesses : 381 721 859
2023 Average Household Income : $ 59,712 $ 61,382 $ 66,332
2023 Total Consumer Spending : $ 97 M $ 272 M $ 473 M
2023 Median Age : 43 43 44
2023 Total Households : 1,823 4,979 8,040
2023 Pop Age 25+: Bachelor's Degree : 423 1,075 1,636
2023 Average Home Value : $ 157,034 $ 172,544 $ 185,006
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
NC 49-57 S Madison Blvd 2020 5,900 0.03 mi
Gordon St S Madison Blvd 2004 4,600 0.17 mi
Leasburg Road Longwood Ter 2021 5,000 0.18 mi
Leasburg Road W Gordon St 2019 4,500 0.18 mi
US 158 Long Ave 2020 7,100 0.19 mi
Leasburg Road W Gordon St 2021 8,000 0.19 mi
US 501 Leasburg Rd 2020 19,000 0.19 mi
Leasburg Road Long Ave 2018 7,900 0.20 mi
Leasburg Rd W Gordon St 2004 8,600 0.20 mi
S Madison Blvd Harris St 2004 22,000 0.24 mi

Listing Broker

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