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Burger King

Retail | 6.25% CAP | 3,569 SF

Listing Contacts

Active

Asking Price: $2,468,320
Listing Broker NameAlex Everest
Brokerage NameBroker of Record Solutions, Inc.
Address 

2 Lawless Rd, Morgantown, WV 26501

Show on Map
Date Added
Jan 16, 2025
Days on Market
61 days
Time Since Last Update
60 days

Details

Property TypeRetail
SubtypeQSR/Fast Food
Investment TypeNet Lease
Lease TypeAbsolute NNN
TenancySingle
Brand/TenantBurger King
Lease Term20 years
Lease Commencement12/30/2013
Lease Expiration12/31/2033
Remaining Term8.8 years
Square Footage3,569
Cap Rate6.25%
Occupancy100%
NOI$154,270
Year Built1993
Year Renovated2011
Buildings1
Lot Size (acres)0.9
Rent Bumps7.5% Every 5 Years
Lease Options4 - (5) Year Options

Marketing Description

TREK Investment Group is pleased to oer for sale Burger King in Morgantown, West Virginia.​ The subject property oers an investor an exceptional opportunity to acquire an Absolute NNN lease with 9+ years remaining on the original 20-year lease with a scheduled 7.5% rent increase in the primary term, as well as each of the four, 5-year options.​ Burger King is operated by GPS Hospitality Acquisition Company, LLC – a tenant entity backed by 93 stores part of a 475+ unit operator in 13 states with over 30 years experience in the QSR industry.​ Burger King is strategically located along the service road of I-79 which has astonishing trac counts over 42,300+ vehicles per day and across the street from Lowe’s Home Improvement and Morgantown Mall anchored by JC Penney, Dunham’s Sports, Burkes, and AMC Theaters and consists of over 557,000 SF retail space with 1.8M visitors annually.​ Burger King is only 3 miles from West Virginia University with a current enrollment of 25,000 students.​ Additionally, Burger King is in close proximity to Walmart, Target, Sam's Club, TJ Maxx, Dick's Sporting Goods, Old Navy, and many more national retailers.​

Investment Highlights

  • Absolute NNN Lease | 9+ Years Remaining | 7.5% Rent Bumps | Four, 5-Year Options with Rent Increases

  • Operated by 475+ Unit Franchisee with Tenant Entity Backed by 93 Stores 

  • 3 Miles from West Virginia University | 25,000+ Students enrolled

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$154,270.00
$12,855.83/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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Broker Name
Alex Everest, President & Broker
Broker License
WVB220300806
Brokerage Name
Broker of Record Solutions, Inc.
Broker Title
President & Broker
Brokerage Address
1201 West Peachtree St NW, Suite 2300, Atlanta, GA 30309
Brokerage Phone
Call
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