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31533854
31533855

1992 Spring House Dr, Richmond, KY 40475

DF
FL SL3282650
Marcus & Millichap
AA
FL SL3474399
Marcus & Millichap
Listed by Marcus & Millichap
$2,640,000
66 days on market
Updated 2 days ago

New-Construction Burger King

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,928
Net Rentable (SqFt) 2,928
Cap Rate 6.25%
NOI $165,000
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 10/20/2045
Remaining Term 19.4
Rent Bumps Yes
Lease Options Four - 5-YR Options
Price per SqFt $902
Broker Co-Op Yes
Year Built 2025
Buildings 1
Stories 1
Acreage 0.800
Investment Type Net Lease
Tenant Credit Franchisee, Credit Rated
Lease Commencement 10/21/2025
Ground Lease No
Ownership Fee Simple

New-Construction | 20-YR NNN Lease

Marketing description

Marcus & Millichap is pleased to present a newly constructed 2025 Burger King located in Richmond, Kentucky. The property is secured by a new 20-year NNN lease featuring 7.5% rent increases every five years and four additional five-year renewal options. The asset is operated by a growing regional franchisee with a portfolio of nearly 500 locations nationwide. They were awarded the 2025 Burger King Franchisee of the Year. Positioned along Eastern Bypass which sees over 22,000 vehicles per day and is surrounded by several major auto dealerships including Hyundai, Ford, Honda, Toyota, Nissan, and others.

Investment highlights

STRENGTH OF A GLOBAL BRAND: Burger King is one of the largest and most recognizable fast-food chains in the world, famous for its flame-grilled hamburgers, particularly the Whopper, which has become an iconic item on its menu. Founded in 1954, Burger King has a long history of serving fast food and has grown to become a global leader in the quick-service restaurant industry, with more than 19,000 locations in over 100 countries.

FRANCHISEE/TENANT: The Lease is backed by an expanding Regional Franchise Group with extensive industry experience at the corporate level managing strategic growth, as well as operations across North America and now responsible for leading the Ampler team with a portfolio of nearly 500 franchised restaurants under four QSR brands: TACO BELL, BURGER KING, CHURCH’S CHICKEN and LITTLE CAESARS. Awarded 2025 Burger King Franchisee of the Year.

LONG TERM NNN LEASE: The property benefits from a 2o-year NNN LEASE with Attractive 7.5% Rent Increases every Five (5) Years, as well as Four, 5-Year Options to Renew and Bringing Potential Lease Term to 40 Years | Zero Landlord Responsibilities.

LOCATION: The property is positioned along Eastern Bypass which sees over 22,000 vehicles per day and is surrounded by several major auto dealerships including Hyundai, Ford, Honda, Toyota, Nissan, and others. The city is strategically located along Interstate 75, approximately 25 miles south of Lexington, Kentucky, providing direct connectivity to major Midwestern and Southeastern markets and supporting strong regional traffic and logistics activity. Richmond’s economy is anchored by Eastern Kentucky University, which enrolls more than 15,000 students and serves as a major employer and economic driver for the area.

Listing Contacts

DF
FL SL3282650
Marcus & Millichap
AA
FL SL3474399
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,000.00
$13,750.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
GRANT FITZGERALD
License
2862621
Brokerage
Marcus & Millichap
Brokerage Phone
(502) 329-5900
Title
Broker of Record
Brokerage Address
9300 Shelbyville Rd., Ste. 1012 Louisville, KY 40222
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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