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29806452
29806453

9525 Telegraph Rd, Taylor, MI 48180

BM
GA 263081
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$907,291
101 days on market
Updated 101 days ago

Burger King

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,853
Cap Rate 6.35%
NOI $57,613
Tenancy Single
Brand/Tenant Burger King
Lease Type NNN
Lease Term 18
Lease Expiration 06/30/2034
Remaining Term 8.1
Rent Bumps Yes
Lease Options 6, 5-Year Options
Price per SqFt $318
Broker Co-Op Yes
Year Built 2001
Acreage 0.790
Investment Type Net Lease
Lease Commencement 06/16/2016
Ground Lease No

Corporate (Carrols) Fee-Simple NNN | Detroit MSA (Taylor) | 25+ Year Operating History

Marketing description

Investment highlights

  • Absolute NNN Fee-Simple Burger King located in Taylor, MI, less than 20 miles Southwest of Detroit- Detroit MSA currently has approximately 4.3M residents with an above average median household income of $83,000 (U.S. average is $76,000)- Home to several Fortune 500 companies including Ford Motor Co., General Motors Corp., and Penske Automotive Group

  • Over 8 years remaining with annual increases of 1.0% and percentage rent starting in LY21 (2037)

  • Long term occupancy- this has been operating as a Burger King since 2001 (25 +/- years)

  • Very low rent of $57,613 (only $20.19/SF)

  • Well below replacement cost- only $318/SF

  • Corporate Guarantee from Carrols Restaurant Group- Carrols currently operates over 1,000 locations across 23 states- was acquired by Restaurant Brands International, Inc. (parent company of Burger King) in 2024 for $1 Billion- Restaurant Brands International reported system wide annual sales of over $40 Billion and has over 30,000 restaurants in more than 120 countries

  • High traffic location on Telegraph Road- nearly 37,000 cars/day

  • Area traffic generators in the immediate proximity to Burger King include: Home Depot, Corewell Health Hospital (530 beds), Taylor Preparatory School (400+ students), Taylor Career Center (700+ students), Walgreens, AutoZone, Zax Car Wash, Fifth Third Bank, Buffalo Wild Wings, Taco Bell, and KFC

  • Densely populated area- over 12,000 residents within 1 mile and over 230,000 within 5 miles

  • Average household income of over $84,000 within 1 mile and nearly $80,000 within 5 miles

Listing Contacts

BM
GA 263081
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$57,613.00
$4,801.08/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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Additional Information

Name
Paul Kerber
License
6502433613
Brokerage
Marcus & Millichap
Brokerage Phone
(248) 415-2600
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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