Listed by Cushman & Wakefield - Sacramento, California
$1,343,000
Burger King
Details
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 3,502
Cap Rate 7.15%
NOI $96,000
Tenancy Single
Brand/Tenant Burger King, McDonald's
Lease Type NN+
Lease Term 14.8
Lease Expiration 09/03/2038
Remaining Term 14
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2018
Acreage 1.530
Investment Type Net Lease
Lease Commencement 07/31/2024
Ground Lease No
Sale Condition 1031 exchange
Percentage Rent | 10% Rental Increases
Marketing description
Potential NOI Upside of $42,500 per Year Due to Percentage Rent
10% rental increases every five (5) years of initial lease term - four (4) five (5) year options, with 10% rental increases at the beginning of each option
Percentage rent potential provides significant upside for a Buyer
Leased to Bulldog Restaurants, LLC, a subsidiary of Starboard Group which is an operator of 165+ restaurants across eight states | Brands include Burger King (35), Wendy’s (61), Cici’s Pizza (24), Applebee’s (20), Subway (15), McAlister’s Deli (6), and Fuzzy’s Taco Shop (5)
Located at a signalized intersection with direct visibility and access to more than 20,000 vehicles per day directly in front of the site on State Route 77
The property is in close proximity to Southside High School, serving more than 900 students and faculty which will provide this new Burger King with a nice built-in customer base
Investment highlights
- This new Burger King is strategically located along Highway 77 in Southside, AL with direct visibility and access to more than 23,000 vehicles per day directly in front of the site
- There is limited competing retail in the immediate trade area, so Burger King should be a welcome new amenity to surrounding residents as well as highway commuters
- The property is in close proximity to Southside High School, serving more than 900 students and faculty which will provide this new Burger King with a nice built-in customer base
- Near the Coosa River which is a prominent feature that contributes significantly to the local environment and recreational opportunities. Southside is located in Etowah County, and the Coosa River flows near this area, providing both natural beauty and resources
Listing Contacts
Listed by Cushman & Wakefield - Sacramento, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,000.00
$8,000.00/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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