Burger King | 5.50% Cap Rate | Walmart Supercenter Outparcel
Retail | 5.50% CAP | 3,483 SqFt
Marketing description
HB Boys, L.C. is a Sandy, Utah-based multi-concept franchisee management company with over 35 years of operational experience in the quick-service restaurant and convenience retail industries. Founded and grown entirely within the Intermountain West, HB Boys has established itself as one of the region's most diversified and proven franchise operators, managing a portfolio of 86 total units across Idaho, Nevada, Oregon, Utah, and Wyoming.
HB Boys operates across five distinct consumer concepts spanning fast food, fast casual Mexican, specialty coffee, and fuel/convenience retail — reflecting a deliberate strategy to diversify across recession-resilient, necessity-driven categories. As a Burger King franchisee with 69 locations, HB Boys ranks among the largest Burger King operators in the Intermountain West, demonstrating the operational infrastructure and brand relationships required to manage large-scale, multi-unit franchise systems.
The company's expansion into Costa Vida and convenience fuel retail further underscores its ability to identify growth concepts and execute across multiple service formats. With over three decades of franchisee experience, HB Boys has built a seasoned management team capable of sustaining consistent operations across geographically dispersed markets.
Investment highlights
- Large Burger King Operator - HB Boys operates over 69 stores in 5 states
- Tenant will update to the new Burger King store design in 2027 - no additional LL cost
- Absolute Net Lease (20 Year) Initial Term Expires 2047
- Four 5-Year Options with 10% Increases
- 86-unit operator across five nationally and regionally recognized brands
- 35+ years of franchisee operating history with demonstrated market expansion
- Diversified concept mix spanning QSR, fast casual, specialty coffee, and fuel/convenience
- Multi-state footprint across five Intermountain West states
- Burger King anchor — one of the largest BK franchisees in the region, backed by Restaurant Brands International (RBI), a publicly traded global franchisor (NYSE: QSR)
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