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30927291
30927292

293 N Locust St, Buckhannon, WV 26201

BB
WV B200300608, OH BRK.200900214 (+21)
Bang Realty
Listed by Bang Realty
$2,584,615
84 days on market
Updated 44 days ago
Opportunity zone

Burger King

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,969
Cap Rate 6.5%
NOI $168,000
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King
Lease Type NNN
Lease Term 20
Lease Expiration 06/30/2044
Remaining Term 18.1
Price per SqFt $651
Year Built 1997
Acreage 1.140
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2024
Ownership Fee Simple

Retail | 6.50% CAP | 3,969 SqFt

Investment highlights

  • Exceptional Unit Level Financials | This Burger King is a top performer within the system, with unit-level sales consistently well above the national Burger King average. According to Placer.ai, the location ranks in the 82nd percentile nationwide, underscoring the strength of this site and its trade area.

  • Brand New 2024 Lease Restructure | In July 2024, the landlord and tenant executed a lease restructure extending the term to 20 years, with approximately 18.35 years remaining. The restructure reflects strong longterm site commitment from GPS Hospitality and provides investors with a lengthy, predictable income stream from day one.

  • Directly Adjacent to Walmart Supercenter | The subject property is situated on an outparcel to a Walmart Supercenter, benefiting from consistent, high-volume traffic generated by the anchor tenant. This positioning reinforces the property's prominence within the Buckhannon retail market.

  • Outstanding Franchisee Guarantee | The lease is fully guaranteed by GPS Hospitality LLC, one of the largest Burger King franchisees in the country, operating 470+ locations across multiple states. GPS's scale and operational track record provide a strong credit backstory behind the lease obligation.

Listing Contacts

BB
WV B200300608, OH BRK.200900214 (+21)
Bang Realty
Listed by Bang Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$168,000.00
$14,000.00/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Brian Brockman
License
B200300608
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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