Burger King

1515 West Dundee Road, Buffalo Grove, IL 60089

$1,333,500

Cap Rate 5.25%

$1,333,333

Cap Rate 5.25%

DOM: 7 Updated: 05.17.23 Posted: 02.07.23 Status: Sold 02.14.23

Summary

Price $1,333,500 $1,333,333	Built/Renov 1977	Tenant Burger King
Cap Rate 5.25% 5.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,000	Lease Start 01-01-1977	#Units 19,247
Price/SF $444.50 $444.44	Expiration 07-06-2032	Tenant Type Fast Food/QSR
NOI $70,000	R. Term 7.0	Ownership Fee Simple
Rent/SF $23.33	Increases 10.0%/4/yrs	Pop 5Mi 266,733
Lot/AC 0.63	Options 2/5yrs/10%	AHHI 5Mi $106,909

Highlights

Burger King has been operating in this location since 1997
The tenant has over 8 years remaining on its current lease with 2 (5-year) options to extend
Lease features 10% rental escalations every 5 years throughout the initial term and at each option
Corporate guarantee by Restaurant Brands Int'l. (NYSE: QSR)

Location Description

Burger King is strategically located along Dundee Road which is a primary east – west thoroughfare with clear visibility and access to 33,400 vehicles passing by daily. The subject property is also within proximity to Illinois Route 53 which experiences 137,000 vehicles per day and drives a continual flow of traffic. There is a large variety of nationally recognized tenants in the area...

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Key Features

In location for years
Highway close
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long operation history
Recently extended lease
Absolute NNN
Traded and rated company
Corporate Guarantee

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Links

Burger King Wikipedia Burger King Wikipedia, Buffalo Grove, Illinois Zip Code 60089 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Burger King
Guarantor:Corp T and Rated
Company:Restaurant Brands Int'l.
# Units:19,247
Tenant S&P: BB
Moody’s: B1
Stock:NYSE: QSR

About Tenant

Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, the chain is committed to premium ingredients, signature recipes, and...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	13,819	129,781	260,654
2023 Total Population :	14,204	132,792	265,630
2023 Employed Civilian Pop :	8,590	75,445	149,773
2023 Total Businesses :	596	3,426	9,215
2023 Average Household Income :	$ 127,290	$ 130,074	$ 141,776
2023 Total Consumer Spending :	$ 620 M	$ 5691 M	$ 12584 M
2023 Median Age :	42	42	43
2023 Total Households :	5,754	51,588	105,062
2023 Pop Age 25+: Bachelor's Degree :	3,397	31,436	65,392
2023 Average Home Value :	$ 378,886	$ 357,625	$ 391,083

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Dundee Rd	Grove Dr	2013	28,000	0.13 mi
N Arlington Heights Rd	W Boeger Dr	2014	21,800	0.23 mi
North Arlington Heights Road	Dundee Rd	2018	22,600	0.23 mi
Arlington Heights Rd	Strathmore Ct	2014	17,800	0.25 mi
Dundee Rd	N Old Arlington Heights Rd	2013	33,400	0.27 mi
N Kennicott Ave	W Happfield Dr	2014	1,100	0.32 mi
North Kennicott Avenue	W Shure Dr	2018	4,300	0.33 mi
N Kennicott Ave	W Shure Dr	2014	2,050	0.37 mi
North Arlington Heights Road	W Happfield Dr	2018	17,000	0.39 mi
North Old Arlington Heights Road	N Old Arlington Heights Rd	2018	5,350	0.50 mi

Listing Broker

Jimmy Goodman

The Boulder Group (HQ)

Contact

168 Listings
31039 Views
76 Sold

Randy Blankstein

The Boulder Group (HQ)

Contact

165 Listings
30192 Views
70 Sold

Jimmy Goodman

Goodman is a partner at The Boulder Group, with over 15 years of experience in the investment real estate sector. His career began at PricewaterhouseCoopers in 2001 and afterward, he has been solely focused on investment real estate. He has been featured in multiple publications including Globe Street, Commercial Property Executive, Real Estate Forum and was a featured speaker at Real Share’s Net Lease Conference. He is a member of the International Council of Shopping Centers and received a Ba

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Randy Blankstein

President of The Boulder Group, Blankstein is a senior commercial real estate executive with over 30 years of experience focused on advisory services in the single tenant net lease sector. Led The Boulder Group to a top 10 company national ranking for single tenant retail transactions by both CoStar and Real Capital Analytics from 2010-2021. Founded and managed net leased companies on both the advisory and principal sides that have been involved in over $7 billion in single tenant transaction

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