Price $1,481,400 | Built/Renov 2016 | Tenant Burger King |
Cap Rate 8.00% | Lease Type
Abs NNN | Guarantor Franchisee |
Size/SF
4,400
| Lease Start
08-31-2016
| #Units
129
|
Price/SF $336.68 | Expiration
08-30-2036
| Tenant Type Fast Food/QSR |
NOI $118,512 | R. Term 12.8 | Ownership Fee Simple |
Rent/SF
$26.93
| Increases 1.3%/1/yrs | Pop 5Mi 9,090 |
Lot/AC 1.96 | Options 4/5yrs/1.25% | AHHI 5Mi $78,798 |
| |
Burger King is strategically located at the intersection of Gouldings Road and U.S. Highway 2 which sees ±9,810 vehicles passing daily. U.S. Highway 2 is a major interstate and local thoroughfare for Devils Lake. Located within a primary retail corridor, nearby major national retailers include Walmart Supercenter, Dollar Tree, Cenex, O’Reilly Auto Parts, Applebee’s, McDonald’s, Maurice’s,...
...Signalized intersection
Hard corner intersection
In location for years
Major thoroughfare
Dense retail corridor
Highway location
Absolute NNN
Long 10+ yr lease
Annual rent increases
100+ unit franchisee backed
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...
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]