

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