Listed by ParaSell Inc, Sands Investment Group Los Angeles
$1,852,819
Burger King - Aberdeen, SD
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,530
Cap Rate 6%
NOI $111,169
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King
Lease Type Absolute NNN
Lease Term 13.9
Lease Expiration 12/31/2037
Remaining Term 11.5
Rent Bumps Yes
Lease Options 4 x 5 Year Options
Price per SqFt $525
Year Built 1976
Year Renovated 2012
Acreage 0.720
Investment Type Net Lease
Lease Commencement 01/26/2024
High-Visibility Burger King | 12-Yr ABS NNN | Strong Dual Personal Guarantees
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 3,530 SF Burger King located at 908 6th Avenue Southeast in Aberdeen, SD. This deal includes an ~12 year Absolute Triple Net (NNN) Lease with annual percentage rent, strong dual personal guarantees, and zero landlord responsibilities. These guarantees provide a high level of security for investors, ensuring long-term stability and supporting a reliable investment.
Investment highlights
~12 YEAR ABSOLUTE TRIPLE NET (NNN) LEASE | ANNUAL PERCENTAGE RENT | STRONG DUAL PERSONAL GUARANTEES:
- Strong Dual Personal Guarantees: This Burger King location benefits from strong personal guarantees from two experienced operators with a proven track record. These guarantees provide a high level of security for investors, ensuring long-term stability.
- Brand Strength: As part of the globally recognized Burger King brand, this location benefits from Burger King’s international market presence and customer loyalty. The brand's strength enhances the attractiveness of this investment.
- ~12 Year Absolute Triple Net (NNN) Lease: The property features a ~12 year Absolute Triple Net (NNN) Lease, offering true passive income with zero landlord responsibilities, annual percentage rent providing for a sustainable occupancy cost.
STRONG DEMOGRAPHICS | GROWING LOCAL ECONOMY:
- Growing Population and Income Levels: The Aberdeen area has a population of over 30,000 residents within a 5-mile radius, with an average household income of approximately $90,000. These favorable demographics contribute to the property’s long-term demand and tenant stability.
PRIME ABERDEEN, SD LOCATION | HIGH VISIBILITY ON MAIN COMMERCIAL CORRIDOR:
- Strategic Aberdeen Location: Situated at 908 Sixth Avenue SE, this Burger King is positioned on one of Aberdeen’s main commercial corridors, benefiting from significant traffic with over 24,000 vehicles passing daily. This high-visibility location provides strong brand exposure and ensures consistent customer traffic.
- Proximity to Major Economic Drivers: The property is located just minutes from Northern State University, which enrolls over 3,500 students, and Aberdeen Regional Airport, contributing to a steady flow of customers. Additionally, Sanford Aberdeen Medical Center, one of the city’s largest employers, further enhances the customer base for the property.
- Vibrant Retail Environment: This Burger King is surrounded by a mix of national retailers, including Walmart, Target, and Menards, which help drive continuous foot traffic to the area, bolstering long-term sales performance.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,169.00
$9,264.08/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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