Burger King | 2023 Renovation | I-68 Interchange
Signalized Intersection | Annual Increases | Regional Retail Corridor
Marketing description
- 14 Years Remaining on Absolute NNN Lease with Annual CPI Increases
- Large 3.84 Acre Parcel at Signalized “T” Intersection (~26,000 VPD)
- Adjacent to Newer Sheetz, Starbucks & Taco Bell
- 2023 Renovation Completed at Tenant’s Expense
- Experienced 475+ Unit Franchisee Operator
Investment highlights
NNN Lease with Annual CPI Increases – This large 3.84-acre property is leased to GPS Hospitality Partners II, LLC, under an absolute NNN lease with zero landlord responsibilities. The primary lease term commenced in December 2014 and has approximately 14 years remaining, expiring in June 2040, with four 5-year extension options. This location has operated as a Burger King since 1974. The 3,211-square-foot building with drive-thru was renovated in June 2023 at the tenant’s sole cost and expense. The lease carries highly desirable annual CPI increases, providing a built-in hedge against inflation.
Proximate to I-68 Interchange and Strong National Brands – The property enjoys a highly visible, easily accessible location just 0.35 miles from Exit 39 of I-68 (38,000+ VPD), a major east-west corridor connecting Maryland and West Virginia. The Burger King sits at a signalized “T” intersection carrying combined counts of roughly 26,000 VPD, directly across from a newer Sheetz that opened in 2016 and diagonally across from a Starbucks and Taco Bell that opened around 2022. The arrival of these national brands underscores the strength of the intersection and the broader corridor. Notably, Placer.ai ranks the Sheetz across the street in the top 5% chainwide, with more than 1.2 million annual visits.
A Healthy Regional Retail Corridor – The Burger King fronts National Highway as it runs through LaVale, drawing from a trade radius in excess of 15 miles. The surrounding retail posts strong Placer.ai ranks that signal a healthy, viable market: the Dollar General directly across National Highway draws 209,900 annual visits (top 8% chainwide), and the Chick-fil-A on Winchester Road, just 0.5 miles away, draws roughly 1.2 million annual visits (top 5% chainwide). Big-box anchors Lowe’s and Walmart, both within 2 miles, combine for more than 4 million annual visits and each rank in the top 10% of their respective chains. Within this proven node, the subject ranks in the middle of Burger King’s metrics chainwide—a respectable showing for a smaller market like LaVale, and a notable one given an attractive rent rate under $100,000 per year. Combined with I-68 traffic, the site’s regional draw, and market rent, this Burger King is positioned for decades of continued success.
Experienced QSR Franchisee – GPS Hospitality is a privately held quick-service restaurant franchisee founded in 2012 by Thomas A. Garrett, former president and CEO of Arby’s Restaurant Group. The company launched with the acquisition of 42 Burger King restaurants and has grown through additional acquisitions, new development, and multi-brand expansion. GPS currently operates more than 475 Burger King, Popeyes, and Pizza Hut locations across 13 states. The company has been recognized for its strong culture, strategic leadership, and operational excellence, with awards including QSR Magazine’s Franchisee of the Year in 2024 and Burger King’s Developer of the Year in 2023.
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