✖
Burger King
231 South Madison Boulevard, Roxboro, NC 27573
$3,063,000
Cap Rate 6.25%
Summary
| 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...
...Features
-
Signalized intersection
-
Hard corner intersection
-
Major thoroughfare
-
Dense retail corridor
-
Near major nationals
-
Top 100 MSA
-
Absolute NNN
-
Long 10+ yr lease
-
Annual rent increases
-
100+ unit franchisee backed
...
Maps
Tenant
- 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...
...
Demographics
| 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 |
Traffic
| 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 |
