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Restaurant

Burger King - 204 East Hwy 278, Piedmont, AL

204 US-278, Piedmont, AL 36272

Listing Price: $2,500,000

Cap Rate
5.00%
Tenant Name
Burger King
Guarantor
Franchisee Guarantee
Rentable SF
3,410
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.66

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.

Investment Highlights

  • BRAND NEW 20-YEAR NNN LEASE
  • NEW CONSTRUCTION
  • HEALTHY RENT-TO-SALES RATIO

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Restaurant

Burger King - 204 East Hwy 278, Piedmont, AL

Listing Price: $2,500,000

Cap Rate
5.00%
Tenant Name
Burger King
Guarantor
Franchisee Guarantee
Rentable SF
3,410
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.66

Investment Highlights

  • BRAND NEW 20-YEAR NNN LEASE
  • NEW CONSTRUCTION
  • HEALTHY RENT-TO-SALES RATIO

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.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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