Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 204 East Highway 278, Piedmont, Alabama. The property consists of 1.08 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 $125,000 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 US Highway 278. Other nearby restaurants include KFC, Jack’s, McDonald’s, Simple Simon’s Pizza, and China Dolls. CVS, AutoZone Auto Parts, and Dollar General are some of notable retail in the area.