Listed by SRS Real Estate Partners Newport Beach
$1,610,000
Burger King | University Location | 12.5 Yrs NNN
Details
APN 07093030020130000
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,442
Units 1
Cap Rate 7%
NOI $112,706
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 10/31/2038
Remaining Term 12.4
Rent Bumps Yes
Lease Options None
Broker Co-Op Yes
Class B
Year Built 1979
Year Renovated 2013
Buildings 1
Acreage 0.910
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 10/30/2018
Ground Lease No
Ownership Fee Simple (Land & Building)
Sale Condition For sale by owner
Strong Sales Trends | Walking distance to Tuskegee University (2,570 students)
Marketing description
For Sale
Investment highlights
Franchisee Guaranteed Lease (40+ Units) | Scheduled Rental Increases | Healthy Rent-to-Sales
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Tuskegee University (2,800+ Students) | VA Medical Center - Tuskegee
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,706.00
$9,392.17/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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