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Restaurant

Burger King - 101 N. Military Street, Loretto, TN

101 N Military St, Loretto, TN 38469

Listing Price: $2,000,000

Cap Rate
5.00%
Tenant Name
Burger King
Guarantor
Franchisee Guarantee
Rentable SF
3,410
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.33

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 101 N. Military Street, Loretto, TN. The property consists of 1.17 acres improved with an approximately 3,410-square foot building. The recently constructed restaurant will have a brand new 20-year lease at the close of escrow in place with a seasoned RBI Brands Franchisee operating over 200 restaurants. This Franchisee has been a Burger King and Popeyes operator of over a decade and is one of the fastest growing Franchisees in the system. In 2015, this operator was awarded “Franchisee of the Year”. Annual base rent is set at $100,000 with 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options. The new restaurant sits directly off N Military Street. Other nearby restaurants include Sonic, Rick’s Barbecue, Fiesta Mexicana, Subway, and Hardee’s. Dollar General, USPS, and Greens Home Center are some of the notable retail in the area.

Investment Highlights

  • BRAND NEW 20-YEAR NNN LEASE
  • SIGNALIZED CORNER
  • NEW CONSTRUCTION

Exclusively Listed By

Restaurant

Burger King - 101 N. Military Street, Loretto, TN

Listing Price: $2,000,000

Cap Rate
5.00%
Tenant Name
Burger King
Guarantor
Franchisee Guarantee
Rentable SF
3,410
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.33

Investment Highlights

  • BRAND NEW 20-YEAR NNN LEASE
  • SIGNALIZED CORNER
  • NEW CONSTRUCTION

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 101 N. Military Street, Loretto, TN. The property consists of 1.17 acres improved with an approximately 3,410-square foot building. The recently constructed restaurant will have a brand new 20-year lease at the close of escrow in place with a seasoned RBI Brands Franchisee operating over 200 restaurants. This Franchisee has been a Burger King and Popeyes operator of over a decade and is one of the fastest growing Franchisees in the system. In 2015, this operator was awarded “Franchisee of the Year”. Annual base rent is set at $100,000 with 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options. The new restaurant sits directly off N Military Street. Other nearby restaurants include Sonic, Rick’s Barbecue, Fiesta Mexicana, Subway, and Hardee’s. Dollar General, USPS, and Greens Home Center are some of the notable retail in the area.

Exclusively Listed By

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