Listed by Sands Investment Group Los Angeles, Sands Investment Group
$1,584,053
Burger King - Bismarck, ND
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,788
Cap Rate 6%
NOI $95,043
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 $418
Year Built 2017
Buildings 1
Acreage 1.030
Investment Type Net Lease
Lease Commencement 01/26/2024
Burger King NNN | Strong Dual Guarantees | ~12 Years | Near a State College
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 3,788 SF Burger King located at 3102 Yorktown Drive in Bismarck, ND. This deal includes a ~12 year Absolute Triple Net (NNN) Lease with annual percentage rent and strong dual personal guarantees. This property is supported by strong personal guarantees from two experienced operators with a proven financial history. These guarantees provide added security and make this a highly stable investment opportunity, providing for a secure investment.
Investment highlights
~12 YR ABS NNN LEASE | ANNUAL PERCENTAGE RENT | STRONG DUAL PERSONAL GUARANTEES:
- Strong Dual Personal Guarantees: This property is supported by strong personal guarantees from two experienced operators with a proven financial history. These guarantees provide added security and make this a highly stable investment opportunity.
- Brand Strength: As part of the internationally recognized Burger King brand, this location benefits from Burger King's established market presence and loyal customer base. The brand's strength adds significant value and stability to the investment.
- ~12 Year Absolute Triple Net (NNN) Lease: The property features a ~12 year Absolute Triple Net (NNN) Lease, offering investors passive income with zero landlord responsibilities. Annual percentage rent ensures a sustainable occupancy cost.
PRIME BISMARCK LOCATION | THRIVING COMMERCIAL CORRIDOR:
- Strategic Bismarck Location: Located at 3102 Yorktown Drive, this Burger King is positioned in one of Bismarck's busiest retail and commercial hubs. The property benefits from high visibility and accessibility, with over 22,000 VPD, contributing to strong customer traffic and sales.
- Proximity to Major Economic Drivers: The property is located near key
- economic drivers, including Bismarck State College (with over 4,000 students) and Sanford Health, a major employer with over 10,000 employees. These nearby institutions generate steady customer traffic, further supporting the long-term performance of the tenant.
- Established Retail Environment: This Burger King is surrounded by national brands such as Costco, Walmart, and Kohl's, which drive substantial foot traffic to the area; the surrounding retail environment provides consistent visibility and supports the property's high sales performance.
STRONG DEMOGRAPHICS | AFFLUENT TRADE AREA:
- Affluent and Growing Population: The Bismarck area has a population of over 77,000 residents within a 5-mile radius, with an average household income of approximately $95,000. These strong local demographics provide a solid foundation for tenant performance and long-term investment security.
Listing Contacts
Listed by Sands Investment Group Los Angeles, Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,043.00
$7,920.25/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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