Price $3,432,000 | Built/Renov 1997 | Tenant Burger King |
Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Franchisee |
Size/SF
6,124
| Lease Start
01-06-2016
| #Units
150
|
Price/SF $560.42 | Expiration
01-05-2036
| Tenant Type Fast Food/QSR |
NOI $205,897 | R. Term 12.0 | Ownership Fee Simple |
Rent/SF
$33.62
| Increases 10.0%/3/yrs | Pop 5Mi 150,734 |
Lot/AC 1.31 | Options 2/5yrs | AHHI 5Mi $108,292 |
| |
Burger King is strategically situated at the signalized, hard corner intersection of US Highway 64 and New Brunswick Road, where the combined daily traffic count averages 33,700 vehicles. The property is positioned directly across I-40 from one of Memphis's most significant developments in decades, The Legacy at Countrywood mixed-use development. Moreover, it shares proximity with six...
...Signalized intersection
Freeway close
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
New development zone
Income tax free state
Absolute NNN
Accelerated depreciation
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...
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Stage Road | Parking Lot | 2022 | 32,781 | 0.29 mi |
Stage Rd | 2022 | 16,925 | 0.32 mi | |
US Hwy 64 | 2022 | 13,962 | 0.37 mi | |
I- 40 | 2022 | 3,318 | 0.40 mi | |
N Germantown Pkwy | 2021 | 79,912 | 0.53 mi | |
Isaac Hayes Memorial Highway | Wolstenholme Dr | 2022 | 86,114 | 0.53 mi |
Stage Rd | 2022 | 3,478 | 0.54 mi | |
US Hwy 64 | N Rockcreek Pkwy | 2014 | 47,865 | 0.60 mi |
Hampton Ct Rd N | 2022 | 50,435 | 0.65 mi | |
TN 177 | Horizon Center Blvd | 2021 | 73,408 | 0.84 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]