Listed by KW Commercial Phoenix/Glendale-Peoria
$2,200,000
Burger King - Leased Thru 2041
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,959
Cap Rate 5.77%
NOI $126,875
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King
Lease Type NNN
Lease Term 20.2
Lease Expiration 04/30/2041
Remaining Term 14.9
Rent Bumps Yes
Price per SqFt $743
Year Built 2020
Buildings 1
Stories 1
Investment Type Stabilized
Lease Commencement 03/11/2021
QSR With 49-Unit Franchisee
Marketing description
Rare Burger King deal with a long term NNN lease thru April, 2041 with zero landlord obligations and rent increases of 1.5% each April. This location is one of 49 units owned by this experienced operator. Huge traffic count and excellent visibility due to frontage and signage at Interstate exit ramp. Newly built in 2020, this is a super busy corridor with many other major franchise tenants.
Investment highlights
- NOI $126,875
- Total 2,959 sf – Newly Built in 2020
- Strong NNN Tenant thru Apr. 2041
- 20 Year Lease – Four 5-Year Options
- Zero Landlord Obligations
- Experienced Operator with 49 units
- Excellent demographics
Listing Contacts
Listed by KW Commercial Phoenix/Glendale-Peoria
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$126,875.00
$10,572.92/mo
Valuation Metrics
0
DSCR
5.77%
Cap Rate
5.77%
ROI
Map
Zoning
C-2 CommercialGeneral CommercialGeneral Commercial District
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