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31270177
31270178

615 Old Winnfield Rd, Jonesboro, LA 71251

SS
FL FL SL636794
Marcus & Millichap
AR
FL SL 3644951
Marcus & Millichap
Listed by Marcus & Millichap
$1,365,480
72 days on market
Updated 39 days ago

Burger King-Absolute Net

Details
APN 006-5044760
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,600
Net Rentable (SqFt) 3,600
Units 1
Cap Rate 7.5%
NOI $102,411
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King
Lease Type Absolute NNN
Lease Term 19.5
Lease Expiration 05/31/2029
Remaining Term 3
Rent Bumps Yes
Lease Options (4) Five-Year Options
Price per SqFt $379
Broker Co-Op Yes
Year Built 2000
Buildings 1
Stories 1
Acreage 1.470
Investment Type Net Lease
Tenant Credit Credit Rated, Franchisee
Lease Commencement 12/09/2009
Ground Lease No
Ownership Fee Simple
Sale Condition N/A

7.50% CAP | 3,600 SqFt | Zero Landlord Responsibilities

Marketing description

Marcus & Millichap is pleased to present a net leased investment opportunity consisting of a Burger King quick service restaurant. It is located on 615 Old Winnfield Rd (US 167), which is a primary south/north transportation corridor serving Jonesboro. This Burger King is subject to a Triple Net lease with 3+ years remaining, with four (4) five-year option to extend and 2% annual rent increases, offering a passive, long-term income stream with built-in inflation protection. It is a well-established store that has operated at this location since 2000.

The subject property consists of a 3,600 SF QSR, situated on a 1.47-acre parcel of land with excellent visibility & access. The site includes ample parking and high-visibility signage. This Burger King is located a lot south of the signaled intersection of Old Winnfield Rd (US-167) & E Main St (US-4), benefiting from a combined traffic count of 17,000+ Vehicles Per Day. This BK sits in the town’s only retail cluster, just north of Jonesboro-Hodge Middle school.

The Burger King benefits from its proximity to residential growth in the area, including the Jonesboro Senior Village development in town, a 50-unit certified green retirement community that celebrated its grand opening in February 2024. DSLD Homes' Country Club Estates less than 20 miles away in Ruston is delivering about 350 single-family homes with new phases opening as of this year. Additionally, the $97 million WestRock paper mill expansion in neighboring Hodge, completed following a 2022 groundbreaking, retains over 450 jobs.

Burger King—a wholly owned subsidiary of Canada-based Restaurant Brands International Inc.—is one of the world’s largest quick service restaurant chains, with over 7,000 U.S. locations and 19,000 stores globally. Backed by a BB credit rating (S&P) and over $45 billion in annual system-wide sales, the brand offers institutional-grade investment security. This Burger King location is operated by GPS Hospitality which is one of the largest franchisees of BKs and Popeyes brands.

Investment highlights

  • ABSOLUTE NET LEASE: Zero Landlord Responsibilities – Passive Income Stream
  • STRONG RESIDUAL VALUE: Low Rent / SF – Has Upside Potential
  • QUALIFIES FOR 100% BONUS DEPRECIATION: Contact Listing Agent For Estimate Of Savings
  • OPERATED BY GPS HOSPITALITY: One of The Largest Burger King Operators
  • OVERSIZED 1.47 ACRE PARCEL: Strong Residual Value & Flexibility
  • EXCELLENT VISIBILITY & ACCESS: 3 Points Of Ingress/Egress In Area’s Primary Transportation Corridor – Combined 17,000+ VPD
  • LEVERAGE STATEWIDE ECONOMIC MOMENTUM: Louisiana’s Historic $10+ Billion In New Investments For 2025, Including AI Data Centers Supports Regional Growth & Traffic

Listing Contacts

SS
FL FL SL636794
Marcus & Millichap
AR
FL SL 3644951
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,411.00
$8,534.25/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Steve Greer
License
Lic #: BROK.995710346-ACT
Brokerage
Marcus & Millichap
Brokerage Phone
(225) 376-6800
Title
Broker of Record
Brokerage Address
10527 Kentshire Ct., Ste. B, Baton Rouge, LA 70810
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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