Listed by Marcus & Millichap - San Diego, Colliers - Little Rock, Arkansas
$1,940,000
BURGER KING W/ DR-THRU | ABS. NET | HARD-CORNER | I-40
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,974
Units 1
Cap Rate 6.25%
NOI $121,228
Tenancy Single
Brand/Tenant Burger King, McDonald's
Lease Type Absolute NNN
Lease Expiration 07/18/2038
Remaining Term 12
Rent Bumps Yes
Price per SqFt $652
Class A
Year Built 2017
Acreage 1.490
Investment Type Net Lease
Ground Lease No
Retail | 6.25% CAP | 2,974 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310565/corp-burger-king
Investment highlights
- Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 7.5% Rental Increases Every 5 Years Throughout the Initial Term and Options.
- Positioned Along Area’s Retail & Traffic Corridor: Features Easy Access and Excellent Visibility Along Brownsville Loop and Highway 31 - Immediate Access to/from Interstate 40.
- Burger King, one of the World’s Largest Quick-Service Restaurant Brands with 19,700+ Locations, is investing $700M under its “Reclaim the Flame” Plan to Modernize Stores, Boost Operations, and more.
- Restaurant Brands International, one of the World’s Largest Quick-Service Restaurant Companies, generates $45B in Annual Sales across 32k+ Restaurants in 120+ Countries, owning Iconic Brands including Burger King, Tim Hortons, Popeyes, and Firehouse Subs.
- Lonoke Serves as a Key Gateway Community between Little Rock and Eastern Arkansas, creating a Strategic Trade Hub for Highway Commuters and Local Service Workers.
- Within a three Minute Drive of Lonoke County Courthouse, Lonoke High School, Public Library, Lonoke County Fairgrounds and Major Civic Anchors, Generating Repeat Mid-Day Customer Base.
- Lonoke’s Recent Economic Development Initiatives have Attracted new Residential Subdivisions, fueling Population and Income Growth in the Area.
- Less than 30 Minutes to Downtown Little Rock, offering Metropolitan Accessibility while Retaining Favorable Suburban Land Costs and Superior Investment Yields.
Listing Contacts
Listed by Marcus & Millichap - San Diego, Colliers - Little Rock, Arkansas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,228.00
$10,102.33/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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