Burger King - Bartlesville, OK
Retail | 6.73% CAP | 3,586 SF
Marketing description
Introducing a lucrative investment opportunity at BURGER KING in Bartlesville, Oklahoma! This property features a 3,586 sq ft freestanding restaurant, operating under a 20-year Absolute Triple Net lease until December 2030. Priced attractively at $1,500,000, the lease has approximately 6 years left in the current term, with rent increasing annually by 1.75%. Located at a prime intersection in Bartlesville, this Burger King benefits from high visibility and accessibility. With an average household income exceeding $72,500 within a 3-mile radius and a population of 15,000, the property enjoys a strong consumer base. Situated near Walmart, Starbucks, and other popular retailers, the area provides ample traffic and exposure. Boasting a strategic location with easy access to major highways and surrounded by diverse local amenities, including major employers like ConocoPhillips, this investment promises long-term stability and growth potential. Don't miss out on this exceptional opportunity to acquire a well-established Burger King property in a thriving Oklahoma market!
Investment highlights
The Offering
•A 3,586 ± square foot freestanding Burger King restaurant located in Bartlesville, Oklahoma, originally built in 1981. The property is under a 20-year Absolute Triple Net (NNN) lease that began on January 1, 2011, and currently runs through December 31, 2030, with the tenant having three 5-year renewal options and one 4-year renewal option.
•Price: $1,500,000
Lease / Tenant
•Absolute Triple Net (NNN) lease with approximately 6 years remaining in the current term. The tenant has renewal options at intervals of three 5-year terms and one 4-year term, with stable rent throughout the lease term. Rent increases by 1.75% annually, with the adjustment date set for January 1. The lease also includes a right of first refusal clause.
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