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27818063
27818064

102 Weston St, Hartford, CT 06120

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$3,304,348
227 days on market
Updated 10 days ago

Burger King | 25yr Sale-Leaseback | Absolute NNN

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 3,351
Net Rentable (SqFt) 3,351
Cap Rate 5.75%
NOI $190,000
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King (+4)
Lease Type Absolute NNN
Lease Term 25
Remaining Term 25
Rent Bumps Yes
Price per SqFt $986
Broker Co-Op Yes
Year Renovated 2014
Acreage 1.480
Investment Type Net Lease

Rare & High Performing Connecticut Location

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new 25-year absolute NNN Burger King located at 102 Weston Street in Hartford, Connecticut—part of the growing Hartford MSA. The ±3,351-square-foot freestanding restaurant sits on ±1.48 acres and benefits from a strategic location directly off Interstate 91, with combined traffic counts approaching 70,000 vehicles per day.

The property is operated by Burger Barn LLC, an “A”-rated, experienced franchisee with 15 Burger King locations across CT, NY, NJ, and PA. The lease features 1.5% annual rent increases, four (4) five-year renewal options, and zero landlord responsibilities, providing truly passive, long-term income.

Located in a high-traffic retail and automotive corridor, the site is surrounded by major national retailers, auto dealerships, educational institutions, and entertainment venues including the 30,000-seat Xfinity Theatre. The surrounding area offers strong demographics, with more than 112,000 residents within three miles and an average household income exceeding $71,000.

This offering provides investors with a secure national brand tenancy, predictable income growth, and a prime location in Connecticut’s capital city.

Investment highlights

  • Brand-New 25-Year Absolute NNN Ground Lease With Zero Landlord Responsibilities

  • Operated by Burger Barn LLC – “A”-Rated Franchisee With 15 Burger King Locations Across CT, NY, NJ, and PA

  • Strategic Hartford Location Directly Off I-91 Exit Ramp | ±70,000 Combined Vehicles Per Day

  • ±3,351 SF Burger King on ±1.48 Acres With Drive-Thru and Dedicated Parking

  • Surrounded by National Retailers and Auto Dealerships Including CarMax, Walgreens, McDonald’s, and More

  • Near the University of Hartford, Trinity College, and the Xfinity Theatre (30,000 Seats)

  • Dense Residential Base and Diverse Economic Drivers Including Education, Healthcare, Entertainment, and Commuter Traffic

Listing Contacts

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,000.00
$15,833.33/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
John Krueger
License
CT REB.0752012
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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