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Restaurant

Burger King

8257 E Main St, Ridgeland, SC 29936

Listing Price: $2,330,000

Cap Rate
4.75%
Tenant Name
Burger King
Years Remaining On Lease
15.7
Gross SF
3,328
Guarantor
Franchisee Guarantee
Rentable SF
3,328
Price/Gross SF
$700.12
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.91

Investment Overview

SITE FUNDAMENTALS The property consists of 1.13 acres of land improved with a 3,328-square foot building. The restaurant has 16 years remaining on the original 20-year lease. Annual base rent is set to the greater of $89,557 or 7.5% of total gross sales. The lease also provides for an additional four five-year options to renew. EXCELLENT LOCATION The Burger King is the first restaurant to the west off I-95’s South Carolina Exit 21 in the growing city of Ridgeland, near the popular seaside town of Hilton Head Island. This interstate location caters to the more than 45,000 travelers that pass thru this section of I-95, one of the most important highways in the east coast. The restaurant also serves the community of Ridgeland and its suburbs. Nearby retailers include KFC, McDonald’s, Wendy’s, and DQ Grill & Chill. ESTABLISHED HISTORICAL PRESENCE Burger King has been a long-time tenant at this location with an established historical presence of nearly than 15 years. A mix of commercial and residential drives include Ridgeland Airport, the Ridgeland-Hardeeville High School Complex, and the sprawling Ridgeland Correctional Institution. True triple-net (NNN) lease with no landlord responsibilities. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 80+unit guarantee with Premier Kings of Georgia, a subsidiary of Premier Kings, Inc., a large restaurant operator with more than 200 units across several states. Every day, more than 11 million guests visit BURGER KING® restaurants around the world because their restaurants are known for serving high-quality, great-tasting, and affordable foods.

Investment Highlights

  • 16-Year NNN Lease | No Landlord Responsibility
  • Lease Provides for Percentage Rent | Four Five-Year Options to Renew
  • Interstate Location | Outstanding Sales | Recently Remodeled

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Restaurant

Burger King

Listing Price: $2,330,000

Cap Rate
4.75%
Tenant Name
Burger King
Years Remaining On Lease
15.7
Gross SF
3,328
Guarantor
Franchisee Guarantee
Rentable SF
3,328
Price/Gross SF
$700.12
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.91

Investment Highlights

  • 16-Year NNN Lease | No Landlord Responsibility
  • Lease Provides for Percentage Rent | Four Five-Year Options to Renew
  • Interstate Location | Outstanding Sales | Recently Remodeled

Investment Overview

SITE FUNDAMENTALS The property consists of 1.13 acres of land improved with a 3,328-square foot building. The restaurant has 16 years remaining on the original 20-year lease. Annual base rent is set to the greater of $89,557 or 7.5% of total gross sales. The lease also provides for an additional four five-year options to renew. EXCELLENT LOCATION The Burger King is the first restaurant to the west off I-95’s South Carolina Exit 21 in the growing city of Ridgeland, near the popular seaside town of Hilton Head Island. This interstate location caters to the more than 45,000 travelers that pass thru this section of I-95, one of the most important highways in the east coast. The restaurant also serves the community of Ridgeland and its suburbs. Nearby retailers include KFC, McDonald’s, Wendy’s, and DQ Grill & Chill. ESTABLISHED HISTORICAL PRESENCE Burger King has been a long-time tenant at this location with an established historical presence of nearly than 15 years. A mix of commercial and residential drives include Ridgeland Airport, the Ridgeland-Hardeeville High School Complex, and the sprawling Ridgeland Correctional Institution. True triple-net (NNN) lease with no landlord responsibilities. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Strong 80+unit guarantee with Premier Kings of Georgia, a subsidiary of Premier Kings, Inc., a large restaurant operator with more than 200 units across several states. Every day, more than 11 million guests visit BURGER KING® restaurants around the world because their restaurants are known for serving high-quality, great-tasting, and affordable foods.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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